Money, Markets and Masterminds

South Africa’s financial services industry is on the brink of its biggest regulatory overhaul in years, yet many advisers may still be underestimating what’s coming. In the latest episode of Money, Markets and Masterminds, FSCA divisional executive for regulatory policy Eugene du Toit unpacks the regulator’s new three-year regulation plan, explains where the COFI Bill fits into the picture, and why the future of regulation is about far more than simply adding new rules.

Du Toit also reveals why the FSCA is determined to reduce regulatory complexity over time, shares what advisory firms should be doing now to prepare, and discusses how artificial intelligence, open finance, cyber resilience and other emerging technologies are reshaping the regulatory landscape. If you want to understand where regulation is heading before everyone else, this is a conversation you won’t want to miss.

Are advisers still investment managers, or have they become relationship managers in an increasingly outsourced world?

In this month’s DFM Discussion on Money, Markets and Masterminds, Citywire South Africa editor Ruan Jooste sits down with Equilibrium managing director Florbela Yates to tackle one of the biggest structural shifts in financial advice: the rise of the discretionary fund manager.

They unpack why more advisers are handing over investment decisions, whether DFMs are genuinely improving client outcomes or simply helping practices scale faster, and what advisers should really be looking for beyond a three-year performance table. The conversation also explores fee pressure, operational due diligence, AI, digital engagement, alternative assets and why short-term performance chasing remains one of the industry’s biggest pitfalls.

In this month’s Regulatory Rulebook episode, Citywire South Africa is joined by Koko Kubelo, Senior Manager in Market Research and Economic Analysis at the Financial Sector Conduct Authority (FSCA), to unpack one of the biggest shifts shaping investor behaviour. Why is the FSCA studying finfluencers? Where is the line between financial education and regulated advice? How can consumers protect themselves from increasingly sophisticated online scams? And what role should financial advisers play in a digital world where credibility is often measured in likes and followers? Whether you’re a financial adviser, fund selector or simply interested in the future of investing, this is a conversation you won’t want to miss.

Professor Adrian Saville explains why unintended consequences may be investors’ greatest blind spot. Teaser:

On this quarterly edition of The Long Game, part of Citywire South Africa’s Money, Markets and Masterminds podcast, Professor Adrian Saville, investment strategist and professor at GIBS, discusses why investors often focus on visible risks while ignoring the second-order consequences that can derail portfolios. From AI and SpaceX to passive investing and bonds, he explores the exposures markets may not be pricing in.

In the latest DFM Discussion episode of Money, Markets and Masterminds, Citywire South Africa editor Ruan Jooste sits down with George Dell, executive director at MitonOptimal South Africa and chair of the FIA’s Discretionary Investments Committee, and Jacques de Kock, head of portfolio management at MitonOptimal South Africa.

The trio unpack the challenges facing advisers and investors in an increasingly uncertain world, from market concentration and offshore opportunities to crypto, artificial intelligence and the evolution of the DFM industry. Despite the noise, De Kock argues that asset allocation remains the single biggest driver of long-term returns.