FAIS Ombud orders funeral home to pay up
FAIS Ombud orders funeral home to pay up

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Moonstone Monitor | 27 February 2025
IN THIS WEEK'S ISSUE
Top stories
FSCA eyes DeFi: testing the waters for smarter crypto regulation
FAIS Ombud orders funeral home to pay R20 000 claim after failed cover
FIC’s Guidance Note 7A raises the bar for compliance
In the news
Tribunal upholds debarments for misusing client information
Negotiating forum is a ‘critical step’ in addressing the cost of healthcare
Deepfake deception and social media scams: the seductive face of investment fraud
Navigating prescription periods: SA insurers and foreign jurisdiction risks
VBS depositors with more than R100 000 receive only a quarter back
Scammers impersonate credit providers on loan applications
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TOP STORIES
FSCA eyes DeFi: testing the waters for smarter crypto regulation
As South Africa’s decentralised finance market gains traction, the FSCA is exploring ways to balance innovation with consumer protection.
Top story read button
FAIS Ombud orders funeral home to pay R20 000 claim after failed cover
Lebohang Funeral Home left policyholders exposed by failing to secure underwriting, misleading clients about their coverage, and refusing to pay a valid funeral claim.
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FIC’s Guidance Note 7A raises the bar for compliance
The Guidance Note reflects significant amendments relating to an accountable institution’s RMCP.
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IN THE NEWS
Tribunal upholds debarments for misusing client information
The decisions show that even thwarted attempts to breach confidentiality signal a critical lapse in integrity.
Itn read button
Negotiating forum is a ‘critical step’ in addressing the cost of healthcare
But the government cannot afford to set up an independent supply-side regulator as recommended by the Health Market Inquiry.
Top story read button
Deepfake deception and social media scams: the seductive face of investment fraud
From impersonating financial institutions to AI-generated videos of trusted figures, fraudsters are exploiting technology and social networks to steal investors’ hard-earned money.
In the news 3 read button
Navigating prescription periods: SA insurers and foreign jurisdiction risks
The complexities of prescription periods and cross-jurisdictional disputes can lead to significant insurance reserving and cost implications.
In the news 4 read button
VBS depositors with more than R100 000 receive only a quarter back
Several municipalities have lost about 75% of their money.
In the news 5 read button
Scammers impersonate credit providers on loan applications
FSCA also warns about unauthorised funeral policies being sold by a company in the Western Cape.
In the news 6 story read button
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Financial Advisor: Financial Advisor,Durban,KZN. We are looking for a Financial Advisor. At Rise Up Capital, we are more than just an investment firm, we are your trusted partner in navigating the financial landscape.
Read https://careers.moonstone.co.za/job/porcupine-union-centurion-gauteng-commercial-lines-admin-assistant-underwriter/more
Short-Term Telesales Broker: Short-Term Telesales Broker: Wilson Insurance Consulting, Sea Point, Cape Town. We are seeking an experienced short-term telesales broker who can work independently without supervision.
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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.
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IN LIGHTER WYN
Special skills

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I took my eight-year-old to the office on Take Your Child to Work Day. As we were walking around, she started crying and getting very cranky. I asked her what was wrong. As my co-workers gathered round, she sobbed: “Daddy, where are all the clowns you said you worked with?”

I went home for Christmas, and my parents cooked a beef tenderloin. I said, “Budapest is going to love this.” They asked who Budapest was. I said, “I named my stomach Budapest because it’s the capital of Hungry.” That’s when they stopped calling me “son”.

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