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"contents": "<span style=\"font-weight: 400;\">Funeral insurer 3Sixty Life has filed an application for leave to appeal Judge Fiona Dippenaar’s </span><a href=\"https://www.dailymaverick.co.za/article/2022-10-03-curatorship-for-numsa-funeral-insurer-3sixty-life-confirmed-by-high-court/\"><span style=\"font-weight: 400;\">30 September judgment that placed the funeral insurance company into final curatorship</span></a><span style=\"font-weight: 400;\">. The Prudential Authority has signalled that it will be opposing the application.</span>\r\n\r\n<span style=\"font-weight: 400;\">Judge Dippenaar‘s order removed interim curator Yashoda Ram from her role and appointed Tinashe Mashoko in her stead as final curator.</span>\r\n\r\n<span style=\"font-weight: 400;\">According to a press release from Ram, following the application for leave to appeal, “3Sixty Life remains under provisional curatorship, and Ms Ram retains her position as the interim curator.” </span>\r\n\r\n<span style=\"font-weight: 400;\">In response to </span><i><span style=\"font-weight: 400;\">GroundUp</span></i><span style=\"font-weight: 400;\">’s questions, the Prudential Authority confirmed that “by virtue of the appeal, Ms Ram remains the curator of 3Sixty Life”.</span>\r\n\r\n<hr />\r\n\r\n<strong>Visit <a href=\"https://www.dailymaverick.co.za?utm_source=direct&utm_medium=in_article_link&utm_campaign=homepage\"><em>Daily Maverick's</em> home page</a> for more news, analysis and investigations</strong>\r\n\r\n<hr />\r\n\r\n<span style=\"font-weight: 400;\">However, they noted that since “Ram has not delivered a notice of appeal as yet and she had previously delivered a resignation letter, we are surprised by the stance she has adopted.”</span>\r\n\r\n<span style=\"font-weight: 400;\">The Prudential Authority said that they are “taking legal advice and considering bringing an application to put certain parts of Judge Dippenaar’s order immediately into operation”.</span>\r\n\r\n<span style=\"font-weight: 400;\">3Sixty Life, which is owned by the National Union of Metalworkers of South Africa (Numsa), was placed under curatorship in December 2021 after falling into insolvency. Subsequently, a slew of regulatory infractions and governance issues have come to light, </span><a href=\"https://www.dailymaverick.co.za/article/2022-10-04-groundup-stands-by-its-articles-and-will-continue-to-investigate-the-shenanigans-at-3sixty-life/\"><span style=\"font-weight: 400;\">as reported by </span><i><span style=\"font-weight: 400;\">GroundUp</span></i><span style=\"font-weight: 400;\">, AmaBhungane and others</span></a><span style=\"font-weight: 400;\">.</span>\r\n\r\n<span style=\"font-weight: 400;\">Khandani Msibi, acting CEO of 3Sixty Life was also approached for comment, which will be added when received. </span><b>DM</b>\r\n\r\n<i><span style=\"font-weight: 400;\">First published by </span></i><a href=\"https://www.groundup.org.za/article/3sixty-life-to-appeal-curatorship-ruling/\"><i><span style=\"font-weight: 400;\">GroundUp</span></i></a><i><span style=\"font-weight: 400;\">.</span></i>\r\n\r\n<img loading=\"lazy\" style=\"display: none; width: 1px;\" src=\"https://thirdpartyhits.groundup.org.za/counter/hit/dailymaverick/2022-10-06-3sixty-life-to-appeal-curatorship-ruling/\" alt=\"\" />",
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