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National Treasury and Financial Sector Conduct Authority Launch Money Smart Week South Africa 2024
National Treasury and Financial Sector Conduct Authority Launch Money Smart Week South Africa 2024. The National Treasury and the Financial Sector Conduct Authority (FSCA) invite South Africans to the virtual launch of Money Smart Week South Africa 2024 (MSWSA 2024) under the theme “Protect your money, secure your future.”
Read MoreGovernment of National Unity
The re-appointment of Enoch Godongwana, as Minister of Finance, and David Masondo as Deputy Minister of Finance, is an important signal that the Government of National Unity will continue to implement fiscal policies aimed at maintaining responsible, sustainable spending on social and economic infrastructure and reducing national debt.
Read MoreBUSA 2024 Election Results
South Africa has just gone through its most significant elections, since our first democratic elections in 1994. More than 16 million South Africans have expressed their aspirations and sent a clear message that they do not trust any single political party to govern alone.
Read MoreInsights from SSFF 2024
The forum highlighted the collaborative efforts between BASA and IFC under the auspices of the 30by30 Zero Program. This initiative, funded by the Federal Republic of Germany, aims to bolster climate risk assessment, mitigation, and adaptation practices among financial institutions in South Africa. The primary goal is to promote investments in green and climate-friendly sectors, thereby aiding South Africa in fulfilling its commitments under the Paris Climate Agreement and the National Development Plan.
Read MoreWelcome Speech: SSFF 2024
In the words of Mariana Mazzucato, " It is time to raise our ambition and move from being reactive to proactive, from filling financing gaps to shaping a just, green future.". My hope is for this forum to embody this proactive spirit.
Read MoreNFO Appoints Head Ombud
The appointment of the first Head Ombud of the National Financial Ombud Scheme (NFO), Reana Steyn, is significant progress in ongoing efforts to ensure that South Africa’s banking and financial system treats customers fairly.
Read MoreCorporation for Deposit Insurance
The Corporation for Deposit Insurance (CODI) ensures the safety of bank deposits, strengthens the resilience of the banking system and will increase customer trust and confidence in banks.
Read MoreBanking on Ethics Keynote
I have been asked to talk about the role of regulation and enforcement in ensuring ethical conduct, and to offer a regulator’s perspective on the importance of ethics in banking.
Read MoreNFO Head Ombud Appointment
The Ombud Council granted recognition, effective from 1 March 2024 to the National Financial Ombud Scheme (NFO) as an industry ombud scheme under the Financial Sector Regulation Act 2017. This marked a significant change in the landscape of financial ombud schemes. It culminates in the amalgamation of four predecessor industry schemes: The Credit Ombud Association, The Ombudsman for Banking Services, The Ombudsman for Long-term Insurance and The Ombudsman for Short-term Insurance.
Read MoreSARB Appoints Governor
The re-appointment of Lesetja Kganyago as Governor of the South African Reserve Bank (SARB), for the next five years, will sustain confidence in South Africa, as the country deals with its challenging economic conditions and the political uncertainty that is likely to grow ahead of the general elections.
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