3+ day, 22+ hour ago   (947+ words) The Financial Sector Conduct Authority has fined three financial services providers for different failures under the Financial Intelligence Centre Act, ranging from deficient compliance programmes and customer due diligence (CDD) to sanctions screening, registration, and failures to provide information to the…...

6+ day, 21+ hour ago   (1528+ words) Santam expects its new Lloyd’s syndicate, Syndicate 1918, to post an operational loss of between R450 million and R550m in 2026, as the costs of building the business are recognised before much of the related premium revenue. The forecast was contained in the group’s…...

1+ week, 3+ day ago   (1003+ words) Old Mutual expects its primary profit measure to fall by between 25% and 35% for the first half of 2026 after weaker equity and bond markets reduced returns on its shareholder investments, despite higher new-business sales and growth in operating earnings. Adjusted headline…...

2+ week, 6+ day ago   (1017+ words) Commercial pressure does not excuse a company from complying with regulatory safeguards, even where delaying a transaction could jeopardise the underlying business, the Financial Services Tribunal has found. The Tribunal made the finding in upholding a public censure and R5-million…...

2+ week, 6+ day ago   (197+ words) The tsunami in the issuance of artificial intelligence-related bonds is playing havoc with global bond markets. Investors in AI-related bonds are demanding higher yields, pushing up long-term government bond yields as governments compete with AI-related issuers for funding in financial…...

3+ week, 3+ 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…...