Johan Ferreira, African Unity Life’s Chief Legal Advisor, offers his insights into South African Minister of Finance Malusi Gigaba’s 2018 Budget Speech.
“We welcome Minister Gigaba’s announcement today that the two new Twin Peaks authorities will be established on or soon after 1 April 2018,” said Johan Ferreira, African Unity Life’s Chief Legal Adviser.
“The implementation will strengthen South Africa’s approach to consumer protection and create a more resilient and stable financial system. This will have significant implications for the financial sector and, in particular, the insurance industry,” added Ferreira.
“We need to make sure our industry remains safe by evolving our regulatory sphere to protect the financial stability of the country and its consumers.”
“The implementation will strengthen South Africa’s approach to consumer protection and create a more resilient and stable financial system.” – Johan Ferreira, African Unity Life
Photo: GCIS