South African crypto exchange Luno to cut 20% ...
30 Jul 2026
Financial Services Intelligence Watch
BusinessTech reports that Luno, the South African-founded cryptocurrency exchange owned by Digital Currency Group, will reduce its global workforce by approximately 20% as part of a strategic restructuring aimed at aligning the business with current market conditions. The company said ...
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The FST reinforces substance-over-form approach to unauthorised insurance ...
30 Jul 2026
Financial Services Intelligence Watch
A recent article by Cliffe Dekker Hofmeyr (CDH) highlights an important Financial Services Tribunal decision confirming that businesses cannot avoid insurance regulation simply by describing a product as a contractual benefit, protection plan or extension of liability. In Kyle Barry ...
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COFI could reshape the regulatory landscape for alternative ...
30 Jul 2026
Financial Services Intelligence Watch
A recent FAnews article highlights that the proposed Conduct of Financial Institutions (COFI) Bill may have a far broader impact on alternative investment managers than many firms currently anticipate. Unlike South Africa's existing sector-based regulatory framework, COFI adopts an activity-based ...
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WesBank's R1.36 million claim against motor dealer fails
30 Jul 2026
Financial Services Intelligence Watch
Legalbrief Today WesBank has failed in its bid to recover R1.36m from a motor dealer after a customer made three payments on a new Ford Ranger before disappearing with the vehicle. A Moneyweb report notes that the bank argued that ...
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