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Information Regulator shows its teeth with first POPI fine and businesses must take note

16 November 2023 | General

After many years of hearing about the Protection of Personal Information (POPI) Act and the effect it would have on businesses in terms of their responsibility to protect personal data, businesses have finally seen the warning shot fired by the Information Regulator - “Get your house in order or you could easily be next to fall foul of POPI and pay a fine, suffer reputational damage, and even possible criminal liability.”

Cautious CIS investors look for diversification in multi asset portfolios

14 November 2023 | Association for Savings & Investment SA (ASISA)

The local Collective Investment Schemes (CIS) industry attracted net new investments of R9 billion in the third quarter of 2023, while existing investors reinvested income declarations (dividends and interest) worth R30 billion. The industry, therefore, concluded the third quarter of 2023 with net quarterly inflows of R39 billion.

FSCA updates on BHI Trust matter

09 November 2023 | Financial Sector Conduct Authority (FSCA) (was FSB)

Following the media release issued by the FSCA on 27 October 2023, the FSCA has received further media enquiries regarding the BHI Trust matter. These enquiries include requests for details of the FSCA’s investigation, its findings, and parties involved.

Growing regulatory demands and compliance burdens

09 November 2023 | General

As time progresses, regulatory and compliance requirements are continuously evolving. So, how well-prepared can the industry be when the benchmark is constantly changing?

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

View the Results