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FSB Appeal Board and powers of the Registrar to debar

Published: Fri, 26 May 17

The decision in the Hlumbane case by the Appeal Board of the FSB provides very interesting information about the Board’s powers in terms of decisions made by the Registrar of Financial Services Providers, particularly its discretionary powers. The appeal stems from a decision by the Registrar to debar the appellant ...
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Be part of the change you want to see by attending your medical scheme’s AGM

Published: Thu, 25 May 17

The medical scheme industry has many challenges. In order for schemes to survive in the current medical climate, all members have to be constructively involved and understand both the products they have bought and how their scheme works. Cape Medical Plan (CMP) is a mutual society and the core concept related ...
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Getting global fees right

Published: Tue, 23 May 17

There is some controversy about alternative reimbursement models in the commercial healthcare industry. Global fees contracts - where a single payment is made to a healthcare team to cover all costs including hospitals, either monthly, or for a defined episode of care such as hip surgery – have attracted most ...
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African Healthcare – ripe for disruption

Published: Mon, 22 May 17

Matthew Donen, Senior Private Equity Analyst, RisCura   Mobile technology is rapidly transforming the way business is being conducted in Africa, particularly in the healthcare industry, as a result of greater internet connectivity. With patients in Africa having to wait in long queues, travel ...
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Unlocking the blockchain

Published: Fri, 19 May 17

By Norton Rose Fulbright   Chapter 3: Using intellectual property rights to protect distributed ledger technology A significant amount of attention is being paid to the disruptive potential of distributed ledger technology (DLT) and many businesses are making huge investments in DLT-enabled products ...
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FAIS Regulatory Exam Fraud

Published: Fri, 19 May 17

We encounter a variety of attempts by a limited number of candidates to cheat the system. As evidenced by the example in a recent Appeal Board case, crime really does not pay. The transgressor appealed against a three-year debarment. The Appeal Board found that the person should actually have been debarred for much ...
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The FSB Appeal Board

Published: Fri, 19 May 17

Twenty-four determinations were issued by the FAIS Ombud in the 2015/2016 financial year, half of which concerned short-term insurance products. Settlements, where respondents “pleaded guilty” amounted to a staggering 1 150. So far, the 2016/2017 statistics reveal 65 determinations of which 37, or 57%, ...
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National Health Insurance Update

Published: Thu, 18 May 17

A report in Business Day quotes Health Minister Aaron Motsoaledi as saying that he will present a revised version of the National Health Insurance (NHI) white paper to a cabinet subcommittee on Tuesday, 16 May. “A key aspect that will be scrutinised is the future role of SA’s medical schemes and administrators ...
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Finalists announced as the 2017 FIA Awards contenders hit the home stretch

Published: Wed, 17 May 17

      Lizelle van der Merwe, CEO Financial Intermediaries Association of Southern Africa                 Excitement is mounting as the financial services brands ‘in the running’ for the 2017 FIA Awards ...
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Minister eyes R20bn in med scheme tax credits for NHI Fund

Published: Wed, 17 May 17

Cape Town: Health Minister, Dr Aaron Motsoaledi, says the tax credits that are being earmarked for the establishment of the National Health Insurance (NHI) Fund amount to R20 billion. The Minister said this when he tabled the Department of Health’s Budget Vote in the Old Assembly Chamber in Parliament on Tuesday ...
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Insurance Bill to get transformation emphasis

Published: Wed, 17 May 17

Legalbrief Today reports: The Treasury has agreed to changes to the Insurance Bill in a bid to accelerate the transformation of the industry. A Business Day report says this follows criticisms made during hearings on the Bill. Black business said it would reinforce barriers to entry in the sector, and MPs across ...
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Novartis highlights hypertension risks

Published: Wed, 17 May 17

This World Hypertension Day, Novartis warns of unhealthy habits that raise your blood pressure   Johannesburg: The old adage ‘take it with a pinch of salt’ is meant to be a positive one – implying that a pinch of salt is of little consequence. But for those with high blood pressure and ...
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Hospital does not owe duty to inform patients of waiting times (UK)

Published: Wed, 17 May 17

  Sandra Sithole, Director Norton Rose Fulbright South Africa Inc.   In a bizarre judgment, the English court of appeal found that a hospital receptionist does not owe a duty of care to a patient to inform him of the correct waiting times and patient-care practices in an accident ...
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Hospital Association of South Africa catalogue of Research papers freely available

Published: Tue, 16 May 17

In case you’re not already aware, the Hospital Association of South Africa (HASA) has a LinkedIn page. Stay abreast of healthcare reform, research, and debates by following their LinkedIn page here: https://goo.
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Minister Motsoaledi welcomes Health Survey

Published: Mon, 15 May 17

Pretoria: Health Minister Aaron Motsoaledi has welcomed the 2016 South African Demographic and Health Survey (SADHS), saying some of its key results prove that government intervention has worked, while also alerting government of issues that need to be addressed. “This type of report always made our work easier ...
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Council for Medical Schemes PMB Review consultative meetings update

Published: Fri, 12 May 17

The Council for Medical Schemes (CMS) would like to inform stakeholders that the consultative meetings for the prescribed minimum benefits (PMB) Review have been indefinitely postponed. The decision was made after the consultative meetings that are currently taking place between the National Department of Health ...
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Hospital Association of South Africa (HASA) access to research reports on the LinkedIn page

Published: Fri, 12 May 17

In case you’re not already aware, the Hospital Association of South Africa (HASA) has a LinkedIn page. Stay abreast of healthcare reform, research, and debates by following their LinkedIn page here: https://goo.
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New licensing framework likely for financial advisors

Published: Wed, 10 May 17

Uncertainty over the future of financial advisors in South Africa is gradually lifting - and it’s clear that change is in store. “It’s inevitable that currently authorised financial services providers are going to have to change their business models to adapt to a revised licensing framework,” ...
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Ekurhuleni vaccinating children against measles

Published: Tue, 09 May 17

Pretoria: In response to the recent measles outbreak confirmed by Gauteng Health MEC Gwen Ramokgopa, the City of Ekurhuleni has rolled out an emergency measles vaccination campaign. The campaign will run at all clinics across the city until Friday, 12 May. The city has encouraged parents to get children from ages ...
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FIA National Partners

Published: Fri, 05 May 17

Joining forces to promote the value of financial advice and intermediated distribution   Johannesburg: The Financial Intermediaries Association of Southern Africa (FIA) hosted an informal cocktail function at the Johannesburg Country club to introduce its 2017 National Partners. “On 4 May ...
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From The Glossary »

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Surgery For Disease Of The Aorta:

The actual undergoing of surgery for a disease of the aorta needing excision and surgical replacements of the diseased aorta with a graft. For the purpose of this definition aorta shall mean the thoracic and abdominal aorta but not its branches. Traumatic injury of the aorta is excluded.
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