Editor's Note

	EDITOR’S NOTE
	The month of July saw South Africa and the world, witness riots in South Africa that were cited as the worst since the advent of democracy in the country. According to the S&P Global Ratings’ report released on July 26, it is estimated that the unrest will likely shave approximately 0.7 percent off headline GDP growth in 2021; hit private consumption; and slow the pace of economic recovery.
The riots spared no industry, including ours. Despite the devastating effects of the July riots on many of our stakeholders, the FSCA has not missed a beat in the relentlessness pursuit of its mandate,that of regulating the conduct of financial institutions and protecting financial customers. In this issue, we highlight the progress made in helping beneficiaries access their unclaimed benefits. We also talk about the R50 million administrative penalty levied by the FSCA on the partnership known as Viceroy Research, and its partners. This is a story that reverberated in many parts of the financial world. The first of July 2021 also saw the end of the one-year grace period for compliance with the Protection of Personal information Act (POPIA), and we thought to bring you up to speed on what we are doing in this regard. There’s a whole lot more in store for you, and we hope you will enjoy it all and take a moment to give us your feedback, as always. Happy reading! *Tembisa Marele*