Tag: DueDiligence
When compliance gaps turn into expensive lessons
The latest regulatory action against a major financial institution resulted in a R28 million administrative penalty. The penalty followed shortcomings under the Financial Intelligence Centre Act (FICA). It is a timely reminder that compliance cannot become a once-off exercise.
Beneficial ownership – the risk behind the paperwork
When organisations conduct due diligence on a new customer, supplier or business partner, they often feel reassured once they verify the basics. The company registration checks out, the directors are identified, and the necessary documentation has been collected. The onboarding process then moves forward with confidence.
W&I insurance – claims protection after an M&A deal
For buyers and sellers, closing a Merger and Acquisition (M&A) transaction can feel like the finish line. However, when Representations and Warranties (W&I) insurance forms part of the transaction, the real test of that protection may only come after the deal has closed. Our 2026 Transaction Solutions Global Claims Study points to a significant evolution in the W&I claims environment.
Bad partnerships can break good businesses
South African businesses do not need to look far for a cautionary tale. The fallout from the Steinhoff scandal continues to reveal how weak governance, inadequate scrutiny of business relationships and unchecked transactions can destroy billions in shareholder value. What began as aggressive growth ultimately became one of the country’s most expensive lessons on the cost of insufficient oversight.
