South Africa: Financial Services

The 2008 Global Financial Crisis ("GFC") fundamentally reshaped the world's approach to financial regulation. One of its most enduring lessons was the danger posed by systemically...

The United Kingdom Financial Conduct Authority ("FCA") has imposed a GBP42 million penalty on Barclays Bank for shortcomings in its anti-money-laundering ("AML") systems and controls.

I have just wrapped up a ten-day Private Wealth Roadshow that took Guernsey Finance across eight South African towns, concluding with the Columba Leadership Academy charity dinner in Johannesburg.

We have spoken about principled negotiations between start-up entrepreneurs and potential funders of the new venture in an earlier article.

The recent judgment in Standard Bank v South African Reserve Bank addresses a long-standing debate in South African law: namely, whether cryptocurrencies constitute "capital" for purposes of Regulation 10(1)(c)...

The Free State Division of the High Court recently handed down judgment in the case of Mbombi and Another v BMW Financial Services SA (Pty) Ltd...

ZAR 475 million, ZAR 210 million, ZAR 59 million, these are not lottery-winning jackpot amounts. They are some of the eye-watering administrative penalties that have recently been imposed by the Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA) (together, the Regulators) during 2024 on (i) the late Mr Jooste for perpetrating insider trading...

On 12 November 2024, the final results of Mauritius' General Elections were announced. The opposition party, Alliance du Changement (Alliance for Change), emerged victorious, securing 62.6% of votes and winning all 60 parliamentary seats.

Conduct a thorough valuation of the portfolio assets being transferred to determine their fair market value. This provides the pricing mechanism for the continuation fund.