Transformation of the financial services industry – on all levels – has been one of the key focus areas for government over the past few years. Government acknowledges the important role that the sector plays in the economic growth of the country and wants to make sure that it is accessible to all South Africans. This was the motivation behind the launch of the Financial Sector Transformation Council (FSTC), which was previously the Financial Sector Charter Council.
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When the Financial Sector Conduct Authority (FSCA) introduced the Retail Distribution Review (RDR) into the industry, there was a lot of criticism that the market didn’t need this kind of regulatory intervention. Further, RDR would cause unintended consequences that would increase the barriers of entry into the industry.
Read moreOver the past five years, there has been a significant international focus on ways to get people to live healthier and to exhibit better driving habits. While there are many of these success stories in South Africa, Discovery reports that South Africa is behind the curve when it comes to their health and their driving habits.
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