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Short-term insurers cannot rely on the materiality defence

27 March 2009

On 26 March 2009 we attended a Deneys Reitz Attorneys’ General and Insurance Litigation Department breakfast session. It’s an opportunity to catch up on recent rulings from South Africa’s legal trenches. In the first presentation, Deneys Reitz associat

Safe as houses – think again!

13 March 2009

House prices in South Africa continue to fall. That’s according to the latest Absa House Price Index, released 4 March 2009. It concludes the average nominal price of middle-segment housing “dropped by 1.3% year-on-year in February 2009 to around R950 800

On risk, recession and insolvencies

27 February 2009

A raft of economic data has been released in recent days. And each release seems to drive another nail into the coffin of South Africa Inc. Insolvencies for January 2009 were markedly higher, GDP growth data for the fourth quarter of 2008 confirms the cou

Forum counters CMS health broker remuneration proposal

13 February 2009

In September last year the Registrar of Medical Schemes (CMS) published a discussion document detailing their take on health brokers’ remuneration in South Africa going forward. Their assessment focuses on the needs of the consumer and raised concerns ove

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The strongest deterrent against FSP compliance missteps is or should be:

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A criminal conviction Debarment Fine or penalty Any of the above can work

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