The South African Reserve Bank has confirmed the final timeline for phasing out the Johannesburg Interbank Average Rate (Jibar), marking a major milestone in South Africa’s benchmark reform programme. Jibar will be discontinued immediately after its last publication on 31 December 2026, and all tenors will be deemed non-representative from ...
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The FSCA has permanently withdrawn the FSP licences of Medbond Markets (Pty) Ltd and Medbond Insurance Brokers (Pty) Ltd following serious misconduct uncovered during its investigation.
Medbond Insurance Brokers, previously licensed for Category I services, was found to have given inappropriate advice by directing clients into non-existent products falsely linked ...
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Speaking at the Market Practitioners Group Conference in Sandton, South African Reserve Bank Deputy Governor Dr Rashad Cassim outlined the final stretch of South Africa’s interest rate benchmark reform, marking the transition away from Jibar and the acceleration of ZARONIA adoption.
Dr Cassim reflected on the eight-year journey since the ...
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By Lee Rossini
Understanding the basics of behavioural finance is essential when giving clients financial advice. While traditional finance assumes clients make decisions rationally, behavioural finance recognises that people are influenced by emotions, mental shortcuts and unconscious biases. These influences can lead clients to make decisions that conflict with their long-term financial interests. Understanding these behavioural tendencies is crucial – not only to support clients to make better choices, but also to improve engagement, trust and outcomes.
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