In a firm move to uphold the integrity of South Africa’s financial system, the Financial Sector Conduct Authority (FSCA) has issued a formal directive under section 144 of the Financial Sector Regulation Act 9 of 2017, against Dikanyana Funeral Parlour (Pty) Ltd and its sole director, Ms Madika Ellen Maduna ...
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FA News reports a marked rise in administrative sanctions imposed due to non-compliance with the Financial Intelligence Centre (FIC) Act, with penalties over the past year ranging up to R7.8 million. Inspections identified recurring compliance failures, particularly around the submission of the mandatory Risk and Compliance Return (RCR), maintenance ...
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By Lee Rossini
As artificial intelligence (AI) continues to evolve, small financial advice firms are presented with an opportunity to enhance efficiency and client service without losing the human touch that clients trust. The key to success lies in achieving the right balance – leveraging AI to support, not replace, human financial planners. Here are some guidelines on how to find this balance.
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