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04 Aug 2020
Advice for insurance entrepreneurs

“Being battle hardened is what makes you hungry for success. Growing up in a house where your parents can’t cover…

Advice for insurance entrepreneurs

“Being battle hardened is what makes you hungry for success. Growing up in a house where your parents can’t cover the school fees and the family car has broken down for the umpteenth time, makes you focus on what you really want to change in your life.” says Alex Simeonides,…

09 Jul 2020
Five steps to ensure POPI compliance for direct marketing

The Protection of Personal Information Act 4 of 2013 (POPI) has now come into effect and it is important that…

Five steps to ensure POPI compliance for direct marketing

The Protection of Personal Information Act 4 of 2013 (POPI) has now come into effect and it is important that South Africa businesses adhere to the new regulations. The use of personal information is everywhere and it’s almost impossible to do direct marketing without using personal information collected from customers,…

08 Apr 2020
Shifting the status quo

If Covid-19 has taught us anything, it’s that we need to be prepared, even for the unthinkable. As technology further…

Shifting the status quo

If Covid-19 has taught us anything, it’s that we need to be prepared, even for the unthinkable. As technology further shapes financial services (some may say how it currently stands was unthinkable some years ago), it’s one area where we can prepare, while adapting to managing risks before they happen.

02 Apr 2020
COVID-19: Premium collection in respect of business assistance policies

The Financial Sector Conduct Authority (the Authority) has issued several communications to regulated entities and customers subsequent to the lockdown…

COVID-19: Premium collection in respect of business assistance policies

The Financial Sector Conduct Authority (the Authority) has issued several communications to regulated entities and customers subsequent to the lockdown as a result of the COVID19 crisis.

31 Mar 2020
PoPI is almost here – is your data strategy ready for compliance?

After many years of discussion, the Protection of Personal Information (PoPI) Act is finally coming into effect. The information regulator…

PoPI is almost here – is your data strategy ready for compliance?

After many years of discussion, the Protection of Personal Information (PoPI) Act is finally coming into effect. The information regulator is pushing for the Act to be finalised on 1 April 2020, giving South African businesses a little over a year to get their data systems and processes in line.

30 Mar 2020
How the COVID-19 lockdown impacts on buying life cover

The long-term insurance members of the Association for Savings and Investment South Africa (ASISA) support a statement issued earlier today…

How the COVID-19 lockdown impacts on buying life cover

The long-term insurance members of the Association for Savings and Investment South Africa (ASISA) support a statement issued earlier today by the Financial Sector Conduct Authority (FSCA) that the collection of blood samples and medical examinations as part of underwriting for new business does not qualify as an essential service…

30 Mar 2020
FSCA comments on insurers performing medical underwriting during lockdown period

It has come to the attention of the Financial Sector Conduct Authority (FSCA) that some insurers may have declared travelling…

FSCA comments on insurers performing medical underwriting during lockdown period

It has come to the attention of the Financial Sector Conduct Authority (FSCA) that some insurers may have declared travelling nurses as essential services in the lockdown period, to collect blood samples for new business underwriting purposes.

28 Mar 2020
FSCA fines Connie van Nieuwkerk two administrative penalties

The Financial Sector Conduct Authority (FSCA) has ordered administrative penalties against Ms Connie van Nieuwkerek for breaches of Section 76…

FSCA fines Connie van Nieuwkerk two administrative penalties

The Financial Sector Conduct Authority (FSCA) has ordered administrative penalties against Ms Connie van Nieuwkerek for breaches of Section 76 of the Securities Services Act (SSA) during her time as director and Chief Financial Officer of both African Dawn Limited (African Dawn) and Alliance Mining Corporation Limited (Alliance Mining).

27 Mar 2020
COVID-19 – FSCA gives financially distressed employers breathing space

Employers in financial distress as a result of the COVID-19 pandemic and unable to pay their full contributions to employee…

COVID-19 – FSCA gives financially distressed employers breathing space

Employers in financial distress as a result of the COVID-19 pandemic and unable to pay their full contributions to employee retirement funds have been given a temporary reprieve.

17 Mar 2020
FSCA takes precautionary measures to limit spread of Covid-19

As we monitor developments relating to the Covid-19 pandemic, the Financial Sector Conduct Authority (FSCA) will be taking precautionary measures…

FSCA takes precautionary measures to limit spread of Covid-19

As we monitor developments relating to the Covid-19 pandemic, the Financial Sector Conduct Authority (FSCA) will be taking precautionary measures in the interest of containing the pandemic, to protect our staff, the sector and to support Government efforts.