EDITOR’S NOTE

The financial year ending March 2021 can only be described as challenging for everyone. As we round it up, we can confidently say that we’ve delivered against our strategic objectives and we continue to hold up the day-to-day operations of the Authority. Looking forward, the FSCA stands on the verge of a new era as we anticipate the arrival of new leadership in the form of a new Commissioner and Deputy Commissioners. In this issue we take a look at the two candidates shortlisted for the Commissioner role.

Also in this issue, we explore the trends that have emerged in the regulation of retirement funds during the Covid-19 pandemic as the industry adapts to rapid change and finds more innovative ways of serving members. 

In the last quarter of this financial year the FSCA issued a couple of crypto-related health warnings as a result of the increasing volume of crypto-asset related losses suffered by financial consumers. Following the high volume of complaints received by the Authority, these warnings were published to alert the public to the risky nature of these crypto assets. 

March 2021 also saw the Money Smart Week South Africa campaign kicking off. This is a financial literacy campaign aimed at motivating and empowering South Africans on how to deal with money. Read more about this in the section dedicated to the financial customer.

There’s plenty more in store for you in this issue, including a conversation with the FSCA’s Brandon Topham who is responsible for investigations and enforcement; a Suptech Report; and a survey on Sustainable Finance Practices in South Africa’s Retirement Funds. 

As always, we welcome your feedback as we journey together going forward.

Tembisa

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