The Prudential Authority has issued a proposed directive to replace existing BA return directives, with effect from 1 July 2026, continuing the shift toward a more structured and standardised prudential reporting environment aligned to Basel III reforms and the SARB’s broader data modernisation programme. The directive requires banks to submit ...
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The Prudential Authority has issued a communication to the financial sector highlighting a material shift in the cyber risk landscape driven by rapid advances in artificial intelligence. The notice emphasises that frontier AI is accelerating the speed, scale and automation of cyberattacks, significantly reducing the time between vulnerability discovery and ...
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SARB has confirmed several important updates in the transition away from Jibar, which will permanently cease after its final publication on 31 December 2026. The Market Practitioners Group has published a tax white paper on the implications of transitioning Jibar-linked contracts to ZARONIA, with comments due by 21 May 2026 ...
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By Lee Rossini
As financial planners approach retirement, succession planning should be a strategic decision rather than a last-minute event. Industry trends show many planners nearing retirement age, expect their business to change hands in the next decade. A well-structured succession plan ensures business continuity, protects client relationships, and maximises business value. Several options are available, each with advantages and disadvantages:
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