News
CCP Clearing Model Report
Read MoreFATF Grey-Listing Statement
BASA Statement on the Financial Action Task Force Grey-Listing of South Africa
Read MoreBudget Speech 2023 Statement
The Minister of Finance, Enoch Godongwana, was realistic about the challenges facing South Africa and pragmatic in the solutions he offered in his 2023 budget speech.
Read MoreCovid-19
Lessons
With both a health crisis and a mobility crisis, caused by the restrictions of a National State of Disaster, the financial sector adapted their contingency plans for a financial crisis, to place the customer at the centre while rapidly shifting to a work from home environment for everyone, never anticipated by a highly regulated and conservative sector. This research covers the impact of Covid-19 on the financial sector in South Africa.
Read MoreMTB Policy Statement 2022
Read MoreSABRIC ANNUAL CRIME STATS 21
Read MoreFIC Recovers R5B Criminal Assets
The Financial Intelligence Centre’s (FIC’s) focus on providing and deriving value from its partnerships and collaborative efforts has seen its financial intelligence assisting in the recovery of more than R5 billion in criminal assets during the 2021/22 financial year (click here to access the annual report).
Read MoreTransformation Report 2022
Banks continued to meet many of the empowerment and transformation targets set in the Financial Sector Code (FSC), despite the severe economic contraction of -6,4% experienced in 2020, which reduced opportunities for job creation and inclusive economic growth.
Read MoreUbank Under Curatorship
On 16 May 2022 the Minister of Finance, in consultation with the Prudential Authority (PA), placed Ubank Limited (Ubank) under curatorship with immediate effect. This was done to help protect Ubank’s customers and the financial services sector while the bank finds a potential investor to restore its capital position to an acceptable level as required by the PA.
Read MoreThe National Budget 2022
The Minister of Finance, Enoch Godongwana, has made good use of South Africa’s tax windfall by committing to reducing debt while providing necessary social support to the country’s most vulnerable.
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