The South African Reserve Bank (SARB) has imposed an administrative sanction on Ezaga Remit (Pty) Ltd, an authorised dealer in foreign exchange with limited authority (ADLA), for weaknesses identified in its compliance controls under the Financial Intelligence Centre Act 38 of 2001 (FIC Act).
The SARB noted that Ezaga Remit ...
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The Financial Sector Conduct Authority (FSCA) has imposed an administrative penalty of R1 000 000 on Prosperity Management Africa (Pty) Ltd (FSP No 1990), in terms of section 167(1)(a) of the Financial Sector Regulation Act 9 of 2017 (FSR Act).
According to the Administrative Penalty Order issued on ...
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By Lee Rossini
True value creation occurs when clients perceive that the benefits they receive exceed the costs, both monetary and emotional, of engaging with a business. It is not just about performance; it is also about trust, clarity and confidence. This means that adding value is essential in the foundation of sustainable client relationships and business growth. Adding value in a financial-services context means going beyond transactional interactions to deliver outcomes that improve a client’s financial well-being and life circumstances. It involves providing expertise, insights and services that support clients to make better financial decisions, achieve long-term goals, and gain peace of mind. To do this, value takes several forms, for example, higher investment returns relative to risk, tax efficiency, protection from unforeseen events, or time saved through streamlined service.
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