Latest news with #R5
TimesLIVE
2 hours ago
- Business
- TimesLIVE
FAIS ombud upholds complaint against Luvuyo Burial and Consulting
The office of the ombud for financial services providers has issued a determination in favour of Pumelele Mantingani after financial services provider Luvuyo Burial and Consulting failed to honour a funeral policy claim. Luvuyo Burial's failure to honour the claim has also resulted in its licence as a financial services provider being suspended by the Financial Sector Conduct Authority (FSCA). Mantingani, who took out a funeral policy with the company in September 2020, lodged a complaint with the ombud's office on October 28 last year after Luvuyo Burial and Consulting failed to honour a valid claim after the death of her uncle, Mbuyeni Katshi, on July 17 2024. Mantingani submitted her claim on July 27 2024. Luvuyo Burial and Consulting, based in Khayelitsha, Cape Town, acknowledged the claim and committed to payment, but only partially honoured the obligation, paying R5,000 of the R10,000 due. Despite further assurances, the balance remains unpaid. Numerous attempts were made by the ombud to resolve the matter amicably. Though Luvuto Burial undertook on more than one occasion to settle the outstanding balance, it failed to do so. During the investigation, it also came to light that Luvuyo Burial was operating without an underwriter, raising serious concerns regarding its compliance with regulatory requirements. In assessing the evidence, the office found that the policy was valid and that the deceased was listed as an insured life. However, Luvuyo failed to act in accordance with the policyholder protection rules, which require that: 'An insurer must, within two business days after all required documents in respect of a claim under a microinsurance policy or a funeral policy have been received, assess and make a decision whether the claim submitted is valid, and authorise payment of the claim, repudiate the claim or dispute the claim and notify the claimant of the dispute.' The ombud said the company's failure to process the claim appropriately reflected noncompliance with treating customers fairly outcome 6, which states that 'customers do not face unreasonable post-sale barriers when they want to change a product, switch providers, submit a claim or make a complaint'. As a result, the ombud upheld the complaint and ordered that Luvuyo Burial and Consulting pay the complainant the outstanding balance of R5,000 with interest at a rate of 11.25% per annum from the date of the determination until the date of final payment. 'Given the respondent's failure to comply with regulatory requirements, a copy of this determination was referred to the FSCA for its attention and possible enforcement action. 'As a result, the respondent's licence as a financial services provider was suspended by the FSCA on April 14,' the ombud said.
The South African
7 hours ago
- Entertainment
- The South African
Hollywoodbets Durban July: Every winner since 1897
The 130th running of Africa's greatest horse race, the Hollywoodbets Durban July, will take place on Saturday, 5 July. Image: Hollywoodbets Durban July website The 130th running of Africa's greatest horse race, the Hollywoodbets Durban July, will take place on Saturday, 5 July at Hollywoodbets Greyville. The Grade 1 race over 2 200m offers a prize purse of R5 million. Some of South Africa's greatest ever horses, trainers and jockeys have won the race which dates back to 1897. Who will add his – or name – to that Roll of Honour next month? Year Winner Trainer Jockey 2024 Oriental Charm B Crawford JP vd Merwe 2023 Winchester Mansion B Crawford K Matsunyane 2022 Sparkling Water M De Kock S Khumalo 2021 Kommetdieding H Crawford / M Rix G Lerena 2020 Belgarion J Snaith R Fourie 2019 Do It Again J Snaith R Fourie 2018 Do It Again J Snaith A Marcus 2017 Marinaresco C Bass-Robinson B Fayd'herbe 2016 The Conglomerate J Ramsden P Strydom 2015 Power King D Kannemeyer S Randolph 2014 Legislate J Snaith R Fourie 2013 Heavy Metal S Tarry S Khumalo 2012 Pomodoro S Tarry P Strydom 2011 Igugu M De Kock A Delpech 2010 Bold Silvano M De Kock A Delpech 2009 Big City Life G Kotzen G Cheyne =2008 Pocket Power M W Bass B Fayd'herbe =2008 Dancer's Daughter J Snaith K Shea 2007 Hunting Tower C S Laird A Marcus 2006 Eyeofthetiger D M Kannemeyer G Schlechter 2005 Dunford M W Bass A Marcus 2004 Greys Inn M De Kock A Delpech 2003 Dynasty D M Kannemeyer R Fradd 2002 Ipi Tombe M De Kock K Shea 2001 Trademark M W Bass P Strydom 2000 El Picha G Woodruff A Marcus 1999 El Picha G Woodruff R Hill 1998 Classic Flag D E Ferraris A Delpech 1997 Super Quality D E Ferraris M Roberts 1996 London News A Laird P Strydom 1995 Teal P B Shaw J Geroudis 1994 Space Walk M H Maingard R Fradd 1993 Dancing Duel A T Millard A Marcus 1992 Spanish Galliard D R Drier R Sham 1991 Flaming Rock R C Snaith K Neisius 1990 Illustrador T M Millard F Coetzee 1989 Right Prerogative T M Millard M Sutherland 1988 Royal Chalice T M Millard D Coetzee 1987 Bush Telegraph B Abercrombie G Puller 1986 Occult T M Millard B Leisher 1985 Gondolier M P Antelme W Harvey 1984 Devon Air T M Millard D Coetzee 1983 Tecla Bluff T M Millard M Sutherland 1982 Jamaican Rumba G M Thompson P Wynne 1981 Big Charles Dr L F Naude J Anderson 1980 Beau Art J Nicholson F Macaskill 1979 Over The Air P Kannemeyer G Puller 1978 Politician S Laird B Hayden 1977 Lightning Shot D G Rich D Mustard 1976 Jamaican Music R J Rixon B Abercrombie 1975 Principal Boy J Breval R Thompson 1974 Riboville G Azzie M Schoeman 1973 Yataghan S Laird B Hayden 1972 In Full Flight D Payne R Rhodes 1971 Mazarin S Laird B Hayden 1970 Court Day R T Knight C Maree 1969 Naval Escort F Rickaby A Reid 1968 Chimboraa B A Cherry D Payne 1967 Jollify F Rickaby J Gorton 1967 Sea Cottage S Laird R Sivewright 1966 Java Head S Laird H Cawcutt 1965 King Willow J Breval I Bailey 1964 Numeral G Azzie R Rhodes 1963 Colorado King S Laird R Sivewright 1962 Diza J H Gorton A Roberts 1961 Kerason S Laird G Walker 1960 Left Wing S Garrett P Cayeux 1959 Tiger Fish T Furness B Little 1958 Excise W Cawcutt H Cawcutt 1957 Migraine F J Chappell H Passmoore 1956 Spey Bridge H Amos C Buckham 1955 Pretos Crown G Azzie H Wright 1954 C'est Si Bon D Labistour J Byrnes 1953 Flash On W E Huckell J Westwater 1952 Mowgli G A Ellis B Lewis 1951 Gay Jane D Labistour V Mcmurtry 1950 Milesia Pride J Morrison B Lewis 1949 Milesia Pride J Morrison H Wright 1948 Monasterevan E Shaw C Buckham 1947 Brookhill T J H Potgieter H Wright 1946 St Pauls D Talbert H Foster 1945 St Seiriol C L Longhurst H Butler 1944 Monteith C B Clutterbuck H Berry 1943 Piccadilly Jim C E Wade H Feldman 1942 Silver Phantom E Shaw H Wright 1941 Sadri Ii S Garrett S Amos 1940 Kipling A E Cruickshank A Gorton 1939 Silver Spear L Howe H Feldman 1938 Extinguisher W Krog C Barends 1937 Ballyjamesduff J Azzie G Masterson 1936 Petersfield E Shaw L Fernandez 1935 Eccentric A Rowe G Askew 1934 Sun Tor J Angles A Rugg 1933 Legacy P C Henwood E Lariviere 1932 Findhorn E Ryan S Johnson 1931 Agrippa W Pickering R De Valle 1930 Full Dress S Garrett H Amos 1929 Gifted W Jackson G Lariviere 1928 Glen Albyn G S Weale A Herschell 1927 Hussein C E Wade G Gorton 1926 Moosme W Knapp E Jacobie 1925 Bird Of Prey W Randall I Strydom 1924 Oriel E Ryan J Lieveaux 1923 Eunomea J Russell J Otto 1922 Collet J Gard F Mcgrath 1921 Longstop G S Weale L Fernandez 1920 Pamphlet J Russell S Garrett 1919 Goldwing J Russell S Garrett 1918 Pamphlet J Russell C Bowles 1917 Fanous P R Little W Crew 1916 Margin A C Townsend W Clements 1915 Winnipeg H De Mestre R Forsyth 1914 Rhanleigh W Randall R Dine 1913 Caged Bird F Murray W Crew 1912 Lombard F Murray I Strydom 1911 Nobleman F Murray A Laird 1910 Sir Caulin F Murray E Hardy 1909 King's Favourite H De Mestre C Clark 1908 Corriecrian F Wade W Pickering 1907 Corriecrian F Wade C Yarnell 1906 Bonnie Dundee W Pickering W Pickering 1905 Chere Amie R Wootton J Mclaughlan 1904 Nymagee W Meredith W Clements 1903 Peerless John White J White 1902 Chaos W Henwood G Bowker 1901 Apollo H C Croon C Macdonald 1900 Verdant Green H C Croon C Macdonald 1899 Talma Hw Taylor J Boardman 1898 Campanajo E Murray G Skirving 1897 Campanajo E Murray R Scott Final declarations close at 11:00 on Monday, 23 June The final field and draw announcement will take place on Tuesday, 24 June The Hollywoodbets Durban July public gallops are scheduled for Thursday, 26 June The legendary Hollywoodbets Durban July pre-party is on Thursday, 3 July The Hollywoodbets Durban July will be run on Saturday, 5 July Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
7 hours ago
- Entertainment
- The South African
Hollywoodbets Durban July: And then there were 27
The race for the coveted Hollywoodbets Durban July 2025 title has taken a dramatic turn with the withdrawal of SA Derby winner Legend Of Arthur, leaving only 27 contenders still in the hunt for a spot in the R5 million Grade 1 event at Hollywoodbets Greyville on Saturday, 6 July. The final field will comprise a maximum of 18 runners plus two reserves. Legend Of Arthur, trained by Sean Tarry and previously seen as a strong Durban July hopeful, was scratched due to a medical issue. The three-year-old was set to be the backup ride for champion South African jockey Richard Fourie. This latest development leaves Tarry, a two-time Durban July-winning trainer (with Pomodoro in 2012 and Heavy Metal in 2013), with just one possible runner in the shape of Litigation. All eyes are now on Justin Snaith's highly regarded colt Eight On Eighteen, whose participation remains uncertain. Conflicting reports have circulated in recent days regarding his fitness and intended entry. Monday, 23 June : Final declarations deadline : Final declarations deadline Tuesday, 24 June at 11:00 : Final field announcement and barrier draw live on Gallop TV : Final field announcement and Thursday, 26 June at 07:00 : Public gallops for KwaZulu-Natal-based horses at Hollywoodbets Greyville Gates open at 06:30 Free coffee and pastries available for attendees : for KwaZulu-Natal-based horses at As the excitement builds, racing fans are bracing for what promises to be another thrilling edition of South Africa's most iconic horse race. Horses remaining in contention for Hollywoodbets Durban July Horse MR Trainer Future Swing 117 Justin Snaith Immediate Edge 108 Mike / Mathew de Kock Purple Pitcher 122 Robyn Klaasen Rainbow Lorikeet 111 Candice Bass-Robinson Underworld 109 Justin Snaith Son Of Raj 119 Tony Peter The Equator (IRE) 110 Tony Peter Atticus Finch 121 Alec Laird Madison Valley 115 Frank Robinson Eight On Eighteen 129 Justin Snaith On My Honour 116 Glen Kotzen Magic Verse 113 Justin Snaith Selukwe 111 Andre Nel Confederate 118 Fabian Habib Royal Victory 125 Nathan Kotzen Beating Wings 113 Stuart Pettigrew Okavango 120 Justin Snaith Gladatorian 127 Stuart Ferrie Litigation 113 Sean Tarry Oriental Charm 127 James Crawford Pomodoro's Jet 118 James Crawford Holding Thumbs 107 Glen Kotzen Thunee Playa 104 Mano Pandaram See It Again 127 Michael Roberts Native Ruler 119 Justin Snaith My Best Shot 116 Alan Greeff The Real Prince 120 Dean Kannemeyer Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
11 hours ago
- Sport
- The South African
Orlando Pirates and Kaizer Chiefs chase Angolan superstar!
Orlando Pirates and Kaizer Chiefs are reportedly in the race for Angolan forward Laurindo Depu Aurelio, who is on the books of Portugal's Gil Vicente but spent the season with Serbian giants FK Vojvodina Novi Sad. The 25-year-old has amassed three international caps (netting twice), and is currently valued at around R5 million, according to 'What I can tell you is that both teams had their scouts there. The scouts were all happy with what they saw in Depu and they enquired about him,' a source confirmed. 'Apparently Kaizer Chiefs wanted their defender Inacio Miguel to help them talk to the player and his representatives. And Orlando Pirates also believed to be willing to talk to the player. They have their different reasons but apparently the scouts from both clubs are happy with what they saw.' A second source reaffirmed the links, saying, 'Apparently Chiefs don't want to dwell much on Feisal Salum if the price is still that high and will now consider Depu.' 'But the problem is Depu is now based in Portugal and it could also be another challenge. However it's believed that they want to use Inacio Miguel to bring Depu to Naturena. So let's wait and see.' Meanwhile, Orlando Pirates are said to be closing in on Zimbabwean sensation Prince Ndlovu: 'Highlanders FC value Prince (Ndlovu) and that's why they are pricing him at around R15million,' a source revealed. 'For now this price is believed to be directed at South African team Orlando Pirates because apparently they are the ones who have enquired about his services. Highlanders believe it's a fair price looking at his talent, quality and future ahead of him.' Let us know by leaving a comment below, or send a WhatsApp to 060 011 0211. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
Eyewitness News
a day ago
- Sport
- Eyewitness News
Lesseyton Sports Field tender contractors failed to deliver despite going over budget: PP
JOHANNESBURG - The Public Protector (PP) has found that contractors who won the tender for the Lesseyton Sports Field in the Eastern Cape failed to deliver on the project despite going over budget by almost R5 million. On Wednesday, Advocate Kholeka Gcaleka held a media briefing to release findings of her investigation into the building of the stadium in Komani. Gcaleka's investigation found there was improper conduct and maladministration by senior managers at the Enoch Mgijima Municipality in awarding the tender to a company called Thalami Civils in 2018. The PP says the tender awarded to Thalami Civils was initially R18.7 million but ballooned to R22.7 million for no apparent reason. She says the company failed to deliver on an athletic track, a soccer and rugby field, netball, tennis and volleyball courts and grandstands as agreed upon in the contract. Gcaleka says that during the bid adjudication process, Thalami Civils was the fourth highest scoring bidder. She says the Enoch Mgijimi Municipality provided inadequate reasons for why the highest scoring bidder wasn't granted the tender. The PP has referred her report to the Hawks for criminal investigations.
