In 2024, the Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA) imposed striking administrative penalties, including ZAR 475 million, ZAR 210 million and ZAR 59 million, on various institutions and individuals for regulatory non-compliance, reports Webber Wentzel. Notably, the late Mr Jooste faced fines for insider trading, Sasfin ...
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The Advertising Regulatory Board (ARB) has ruled that Auto & General’s (A&G) commercial depicting the 2017 Knysna fires does not breach the Code of Advertising Practice’s standards on offensive advertising, despite complaints from viewers who found it distressing.
The ad begins with footage of firefighters combating a massive blaze, alongside ...
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The Financial Intelligence Centre (FIC) appeal board recently dismissed an appeal from Kunene Ramapala Incorporated, a law firm penalised R7.8 million for failing to meet compliance standards under the FIC Act. Following an inspection in June 2023, the FIC found that the firm had not implemented a risk management ...
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By Lee Rossini
Giving financial advice is an intangible service – it doesn’t involve a physical product that clients can see, touch or easily quantify. Instead, it consists of expertise, trust, planning and strategic insights tailored to meet clients’ financial goals. This makes financial advice complex to package, market and sell, yet with the right approach, financial advisors can demonstrate its value to clients.
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