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Inter-regulatory collaboration between the Financial Sector Conduct Authority (FSCA) and Prudential Authority (PA) is essential for South Africa’s long-term financial stability. In his keynote address to the inaugural FSCA Industry-wide Conference 2024, South African Reserve Bank (SARB) Governor, Lesetja Kganyago said that the SARB could not operate in isolation in delivering on its mandate to ensure financial stability.
Headline inflation accelerated faster to 5.6% y/y in February from 5.3% in January 2024, which is slightly above market expectations of 5.5% y/y.
February 2024 saw a notable increase in consumer price inflation, reaching 5.6% year-on-year, up from January's 5.3%.
Despite massive challenges, South Africa’s economy managed to expand by 0.6% in 2023. With a rebound of 0.1% q/q in the final quarter of 2023, South Africa (SA) avoided a technical recession.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?