- Publications & Insights
David Geral is a partner in our Banking and Finance Department, and is the head of our Banking and Financial Services Regulatory Practice.
He specialises in pensions, healthcare, group insurances and equity-linked incentive schemes. David advises local corporations, private and industry retirement funds, medical schemes and their service providers on governance, contracting, compliance and dispute resolution as well as on matters before the Pension Funds Adjudicator, the Council for Medical Schemes, the Competition Commission, the Financial Services Board Appeal Board, the Equality Court and the High Court. David supervises due diligences on these matters and advises on various transactions involving pension and medical benefits transfers.
David has BA and LLB degrees from the University of Cape Town. David holds a certificate in Impact Investing in Africa from the University of Cape Town, and is a leading attorney in relation to impact investing, social impact bonds and environmental, social and governance related (ESG) investing in South Africa
He is a CEDR Accredited Commercial Mediator and a notary.
- Advising one of South Africa’s largest pension fund administrators in relation to an industry-wide Financial Services Board inspection into alleged irregular pension fund deregistrations, 2015 – present.
- Performing a benefits due diligence and providing advisory services, compliance and regulatory advice on the Alexander Forbes Group private equity exit and listing, 2014.
- Performing a benefits due diligence and providing advisory services regarding Marriott Hotels’ acquisition of Protea Hotels’ administration business, 2013.
- Acting on behalf of a consortium of three firms in defence of pensioner class action against Transnet and two affiliated pension funds (largest civil claim and largest class action in SA history), 2013 – present.
- Performing a benefits due diligence and providing advisory services on the Alexander Forbes Group disposal of AF Risk Services, 2011.
- Advising on a benefits separation in the Barloworld / PPC (Kansai) unbundling, 2010.
- Advising Government Employees Pension Fund on the transfer of GEPF administration to GPAA, 2009.
- Undertaking a vendor benefits due diligence and providing advisory services on the Royal Bafokeng Platinum private placement, 2006.
- Exclusive legal services provider (contracting, procurement, regulatory, dispute resolution, fraud management) for Government Employees Medical Scheme, 2005 – 2010.
- Representing Life Healthcare in relation to so-called “Ghavalas Option” pensions-stripping inquiry, 2000 – 2008.
- Performing a benefits due diligence and devising a separation strategy in the African Oxygen / Afrox Healthcare (now Life Healthcare) separation, 1999.
- Advising the Registrar of Medical Schemes in a dispute against Fedhealth regarding the delineation of businesses of medical schemes and short-term insurers under the newly enacted 1998 legislation, 1999.
Publications & Insights
- FSCA publishes several draft Conduct Standards relating to retirement funds for public comment
- Exemption of insurers that offer investment policies to medical schemes, South Africa
- COVID-19: Amended Regulations – essential services expanded to include broader financial services and financial markets activity, South Africa
- COVID-19: FCSA’s expectations of regulated entities – South Africa
- COVID-19: Impact on medical scheme contributions by financially distressed employers and employees
- 2019 Thomson Reuters Practical Law Q&A Guide to FinTech in South Africa
- Thomson Reuters Practical Law Q&A guide to FinTech in South Africa
- Lexology: A structured guide to Fintech in South Africa
- Healthtech could make headway in fixing broken healthcare
- Second draft Regulation 37, 38 and 39 to the Pension Funds Act published for public comment
- Social impact bonds– an option to address Africa’s most pressing challenges
- King IV extends application to retirement funds and introduces sector supplements for easier application
- T-Day changes to pension, provident and retirement funds
- Annuitisation of provident funds to proceed on 1 March 2016
- Doctors cautioned not to allow agreements with medical schemes to influence patient care decisions
- Decisions in dispute resolution forums likely to benefit medical scheme members
- SA institutional investors to adapt to new playing fields
- Like it or not, Registrar’s approval a condition of future employment contracts with principal officers
- Dealing with medical schemes’ reserves in corporate disposals
- Pension fund regulators get tough
- Equitable distribution of surpluses
- Retirement Funds: Tax on unclaimed benefits
- Fintech waiting game is on as players line up to capture Africa’s unbanked market