Proposed changes to SA’s tax laws could soon see banks playing a more active role in assisting SARS to identify and temporarily freeze suspicious funds. BusinessTech reports that the 2026 Draft Tax Administration Laws Amendment Bill aims to amend section 190 of the Tax Administration Act, granting banks the ...
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The Department of Justice and Constitutional Development has invited public comment on the Regulation of Trusts Bill, 2026, published in Government Gazette 55166 on 7 August 2026. The Bill proposes a substantial overhaul of South Africa’s trust regulatory framework, including strengthened governance, beneficial ownership, record-keeping and anti-money laundering controls, with ...
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By Lee Rossini
Client segmentation is the process of dividing a business’s client base into distinct groups that share similar characteristics, needs, behaviours or financial objectives. Rather than treating every client in the same way, segmentation enables a business to understand differences between clients and tailor its products, communication, service levels and advice accordingly. In financial services, where clients can vary significantly in wealth, financial knowledge, risk tolerance and life circumstances, effective segmentation is valuable.
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