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Moonstone Monitor | 6 February 2025

IN THIS WEEK'S ISSUE

Top stories

•	PPS takes its mutual insurance model to the broader SA market
•	SIU investigation into Ithala tender unrelated to liquidation bid
•	DBE gets temporary relief from R5m fine, but legal battle over matric results continues

In the news

•	Further education boosts confidence and expertise in financial planning
•	How the new employment equity rules impact your business
•	Insurance pioneer Douw Steyn passes away aged 72
•	FSCA fines funeral service R4.4m for unauthorised insurance operations
•	VBS scandal: six convicted, 35 arrested – and more to come
•	SARS ramps up scrutiny as trust and provisional tax filings surge
•	SARS anticipates up to R12bn from two-pot withdrawals
•	Latest warnings against unauthorised operators soliciting ‘investments’

Learn with MBSE

•	CPD – We are an authorised CPD provider
•	Class of Business training
•	Short courses – Popia, NCA, Fica, Entrepreneurship
•	Accredited qualifications – NQF 4 to NQF 8

Careers Platform

•	Advertising packages
•	Industry positions
•	Moonstone positions

In Lighter Wyn

•	Thriving in delusion

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It says the new business division, called glu, provides members with straightforward insurance solutions and profit-sharing.

SIU investigation into Ithala tender unrelated to liquidation bid

Meanwhile, MPs have questioned the SARB’s push to liquidate Ithala, arguing it conflicts with Parliament’s resolution to support the bank’s growth.

DBE gets temporary relief from R5m fine, but legal battle over matric results continues

The Department of Basic Education has filed a review application, aiming to have the notice barring the publication of the matric results declared unconstitutional.

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IN THE NEWS

Further education boosts confidence and expertise in financial planning

MBSE top achievers Claudia Dowsett and Lana Johnson share how their qualifications have strengthened their professional confidence and client trust.

How the new employment equity rules impact your business

Moonstone Compliance’s webinar will provide practical guidance on aligning your employment equity plan with the amendments to the Act.

Insurance pioneer Douw Steyn passes away aged 72

His legacy includes a groundbreaking approach to selling insurance, building Steyn City, and a commitment to community development.

FSCA fines funeral service R4.4m for unauthorised insurance operations

The two directors of Hernell Funerals have been debarred for 10 years and five years, respectively.

VBS scandal: six convicted, 35 arrested – and more to come

Authorities have convicted six individuals in the VBS Mutual Bank fraud case, including former executives and municipal officials. However, with 29 accused still on trial and 43 more suspects under investigation, the case is far from over.

SARS ramps up scrutiny as trust and provisional tax filings surge

With more tax returns submitted, SARS is intensifying efforts to ensure full compliance, particularly among trusts, using AI and data-driven enforcement.

SARS anticipates up to R12bn from two-pot withdrawals

This is double the initial estimate of between R5bn and R6bn.

Latest warnings against unauthorised operators soliciting ‘investments’

The FSCA has issued warnings about individuals and entities promising unrealistic returns while lacking the required authorisation to offer financial services.

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CAREERS PLATFORM - INDUSTRY POSITIONS

•	Commercial Insurance Sales Rep Minu Management Services, Gauteng. A Financial Services Provider specializing in Commercial Asset Financing, Heavy Commercial Vehicle Insurance (HCV) or Fleet insurance, Goods In Transit insurance (GIT) , Engineering insurance, and General Commercial insurance.

•	Short Term Insurance Broker Administrator: Intellisure Insurance Brokers Cc, Newlands, Cape Town, WC. A bright, highly capable, organized, hardworking and adept full time Broker Support Administrator is required by a professional short term insurance brokerage based in Newlands, Cape Town.

•	Short-Term Insurance Claims Negotiator: Intasure (PTY) Southern Suburbs, Cape Town, WC. A well-established Insurance Brokerage in the Cape Town Southern Suburbs is looking to recruit an office based Claims Negotiator.

CAREERS PLATFORM - MOONSTONE POSITIONS

•	For career opportunities currently available at Moonstone please click the button below.

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IN LIGHTER WYN

Thriving in delusion

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