Phased COFI implementation requires early impact mapping, FSCA says
The Authority urges financial firms to assess the likely impact of the COFI framework across governance, licensing, product design, and data.
#financialservices
Sanlam share dips after results despite strong operating growth
Sanlam reported record new business volumes and strong client inflows in 2025, but several weaker headline indicators drew investor attention following the results release.
Why Sanlam’s headline earnings fell despite strong business growth
Currency movements, bond market distortions, reinsurance losses, and strategic investment spending combined to weigh on Sanlam’s reported results.
New CPD courses tackle crypto advice and real-world ombud lessons
MBSE launches two practical CPD programmes to help advisers meet crypto compliance requirements and learn from ombud rulings shaping the financial services industry.
Appeal court leaves FAIS debarment ruling intact
The Full Bench finds that the information available to the FSP was sufficient to justify initiating the statutory debarment process.
Discovery posts strong interim results as bank turns profitable
Discovery Bank reports a 28% growth in clients, with nearly 70% of new customers coming from outside the group’s existing membership.
Last call for accessible FAIS-aligned entry qualifications at MBSE
With applications closing on 15 June, MBSE’s FETC NQF 4 programmes offer a final chance to secure recognised FAIS credits before more restrictive replacements take effect.
PSG Financial Services announces board leadership change
Founder Willem Theron will step down as non-executive chairperson.
Key fintech policy developments to watch in 2026
Regulatory initiatives across payments, digital assets, open finance and embedded finance are expected to progress this year.
Short-term insurers strengthen customer experience, but execution gaps persist
The 2025 CE Index places short-term insurers mid-table within financial services, with clear differences emerging between brands and channels.
Global risks are landing closer to home for SA businesses
While local risk rankings align with global patterns, infrastructure fragility, business interruption, and cybercrime leave SA firms particularly exposed to cascading disruptions.
Classic Financial creditors see first dividend, just over 6%
The initial payout returns roughly 6 cents on the rand to creditors, with legal costs taking a large slice – but further recoveries may change the final dividend.
Draft amendments aim to remedy gaps in AML framework
The Bill largely clarifies and strengthens existing AML/CFT expectations rather than introducing a new regulatory philosophy.
Where theory meets practice: HCWM graduates turn learning into impact
Top achievers share how MBSE’s Higher Certificate in Wealth Management translates knowledge into real-world confidence.
Ithala depositor payouts to continue through 2026 with three-year claim window
FNB has disbursed over R1 billion to Ithala customers and is sending about 5 000 SMS notifications per day to schedule branch visits.
A way out sought for consumers stuck in debt counselling
The National Debt Counselling Association is pushing for a regulated mechanism to remove consumers from incomplete debt counselling caused by life-changing events.
FSCA issues multiple public warnings about unauthorised operators
South Africans should verify anyone offering financial services or investment opportunities.
