Kaya 959 Kaya Biz

Risks for financial service providers offering professional advice beyond their expertise

Loading player...
It is not uncommon for people, investors and businesses to suffer financial losses as a result of sub-standard professional advice offered by financial service providers, as defined in the Financial Advisory and Intermediary Act (“FAIS Act”). In some instances, a financial advisor is not duly qualified and/or adequately experienced. Sometimes, it has nothing to do with qualification and experience, however, the advisor does not fully understand and appreciate the risks associated with the financial product in respect of which s/he is giving advice. Against this background, it is crucial that individuals, investors, and businesses are aware of their legal recourse in such cases.
4 May 2023 4PM English South Africa Business News · Investing

Other recent episodes

South Africa's R1.16 Trillion Logistics Problem

South Africa's logistics bill is projected to reach a record R1.16 trillion in 2026, equivalent to 14.6% of GDP and the highest logistics cost burden recorded in more than two decades. The latest State of Logistics 2026 for South Africa report paints a picture of a freight system under pressure…
9 Nov 1PM 13 min

Your Vote, Your Wealth: Why Politics Shapes Property Prices

For most South Africans, their home is their largest financial asset. So, what happens when poor governance starts eroding property values? Herschel Jawitz, CEO of Jawitz Properties, joins us to discuss the powerful relationship between local government performance, infrastructure, service delivery and household wealth.
9 Nov 12PM 19 min

Coalition Country: South Africa's New Political Map

South Africa's local elections have redrawn the country's political landscape. With no outright majorities in most major metros, coalition negotiations will now determine who governs Johannesburg, Tshwane, Ekurhuleni and other key economic hubs. Louw Nel, Senior Political Analyst at Oxford Economics Africa, unpacks the rise of political fragmentation, the growing…
9 Nov 11AM 17 min

Can You Trust AI for High-Stakes Decisions?

Should you rely on AI for critical legal or financial choices? My AI Lawyer Head of Services Michael Visser joins Nzinga Qunta to unpack how specialized AI acts as an affordable starting point to navigate your rights before paying for professional advice.
5 Nov 1PM 13 min

How to Invest in Banana Trees

Expanding beyond traditional livestock, crowdfarming is now giving everyday South Africans direct access to plant-based farm assets. Ntuthuko Shezi breaks down the mechanics of banana tree investments, harvest yield returns, and risk management for retail investors looking to grow real farm wealth.
5 Nov 1PM 15 min
All episodes