Compliance - Regulatory

Advisers, brokers face high levies in 2025-26

The slow and steady increase in levies paid by supervised entities will continue in the 2025-26 financial year, per the latest Financial Sector Conduct Authority (FSCA) levies and fee proposal document, published end-October 2024. As the 6% hike for the 2024-25 year beds down, the regulator has already pencilled in 5% for the following year, taking the base amount for Category I and IV financial services providers (FSPs) to R4 006,80 and for Category III and IV FSPs to R8 347,50.

Life insurers and investment companies report a 46% surge in fraud and dishonesty

South African life insurers and investment companies detected 13 074 cases of fraud and dishonesty in 2023, a 46% increase from the previous year when 8 931 cases were detected.

Business owners warned - you may no longer be able to trade if you don’t comply with CIPC requirements

New categories for unit trusts investing exclusively in South Africa

Unit trust investors will find it easier to compare the performances and risk profiles of South Africa’s 1 852 local collective investment scheme (CIS) portfolios following an update by the Association for Savings and Investment South Africa (ASISA) of its Fund Classification Standard.