2+ week, 7+ hour ago   (328+ words) Reaction from the financial services industry to National Treasury’s recent paper “A Framework to Centralise Unclaimed Benefits in South Africa” reflects a long-held, prevailing view by the industry: the centralised administration of certain classes of unclaimed assets may be necessary…...

2+ week, 7+ hour ago   (698+ words) For more than a decade, the question of whether South Africa’s competition authorities have the power to prosecute foreign companies for alleged anticompetitive conduct occurring entirely offshore remained contentious. The Constitutional Court answered this question in a unanimous judgment by…...

3+ week, 7+ hour ago   (837+ words) Forty-three percent of South African asset owners surveyed have no independent mechanism for checking whether their investment managers are delivering on their ESG mandates. That is despite 91% of respondents describing their organisations as responsible investors. Most also have formal responsible…...

3+ week, 6+ hour ago   (1147+ words) Four years after the Financial Sector Conduct Authority proposed a Central Unclaimed Assets Fund, National Treasury has put forward a revised model for centralising unclaimed financial assets estimated by the FSCA in 2022 at R88.56 billion. The proposed framework retains the FSCA’s…...

3+ week, 4+ day ago   (1710+ words) The year began with expectations of a relatively favourable environment for markets, only for the Iran conflict and resulting oil shock to push inflation higher, rates back into focus, and growth expectations off course. But at a Discovery Invest media…...