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FSB warns the public against Invest Acquired Holdings

20 October 2016 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Services Board (FSB) would like to warn the public to act with caution when dealing with Invest Acquired Holdings. Invest Acquired Holdings is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services.

The South African Insurance Association (SAIA) adds its voice to concerns of a potential credit rating downgrade and the state of the economy

17 October 2016 | SAIA - South African Insurance Association

The South African short-term insurance industry says it supports efforts by the National Treasury, together with business and labour, to avoid a credit rating downgrade and to grow the country’s economy.

Lliquidation of saXum Insurance

17 October 2016 | Financial Sector Conduct Authority (FSCA) (was FSB)

Last week we reported on the current happenings at beleaguered insurer saXum Insurance. They are currently engaged in an impasse with a service provider which is affecting policyholders.

FSB: Application for the liquidation of saXum Insurance

13 October 2016 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Registrar for Short-term Insurance today launched an urgent application in the Johannesburg High Court to place SaXum Insurance Limited (SaXum) under final liquidation.

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