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19 July 2024 Financial Service Intelligence Watch

SARB imposes sanctions on Safrican Insurance Company for FICA deficiencies

The South African Reserve Bank (SARB) has levied administrative sanctions against Safrican Insurance Company Limited (Safrican) for non-compliance with the Financial Intelligence Centre Act 38 of 2001 (FIC Act), following a 2020 inspection.

The Prudential Authority (PA), under the SARB, enforces compliance with the FIC Act. Safrican faced sanctions due ...

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Working Smart

By Lee Rossini

Operations management (OM) is a vital area of business that involves overseeing, designing, and controlling the process of producing services, including the redesign of business operations. Effective operations management ensures that the business runs efficiently, delivering consistent, high-quality services to clients while optimising resources and processes.

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