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Black Ownership can no longer be side-stepped in favour of alternative avenues to score under the Amended Broad-Based Black Economic Empowerment Codes of Good Practice. It is now deemed a priority element for both medium and large businesses.
The insurance industry plays an important role in providing financial security to the public. Both the short-term and the life sectors work hand in hand to create an industry framework which offers the public a peace of mind that should a significant event happen to them, be it death, disability or unemployment, they will be protected.
The Financial Services Board (FSB) is aware of a media statement circulated on 30 October by Kadesh Consulting, which alleges that there is an investigation underway into amongst others, representatives from the National Prosecuting Authority, the FSB and the curator of Fidentia.
If the Financial Services Board’s RDR proposals are legislated, it won’t necessarily be the end of the world: in fact, some advisers will hardly notice the difference, while others that are more proactive will actually thrive.
Are financial advisers ready for the combined impact of COFI and AI?