A little shy of two decades ago, prior to Compli-Serve SA’s official launch, I penned an article on how technology was impacting financial services and importantly, financial advice.
There are currently no fintech product and services-specific laws or regulatory bodies. However, certain fintech products and services may fall within the scope and ambit of general financial services regulatory frameworks and, thus, will be subject to the supervision of regulatory bodies charged with the monitoring of those frameworks.
Instruments & Investments
African loan and bond issuance fell by just under 10% in the first half of 2021, year-on-year, with lenders still jittery after Zambia missed a bond repayment in November 2020 to become the first African sovereign to default since the onset of the pandemic.
Mergermarket, the leading provider of M&A data and intelligence, has published its 3Q19 report which revealed that the slowdown in dealmaking spread to the US market in 3Q19, causing global M&A to drop 11.4% year-to-date (YTD) on last year to USD 2.49tn (across 13,304 deals).
The World Federation of Exchanges (“The WFE”), the global industry group for exchanges and CCPs, published its first-half market highlights.
As many South Africans continue to battle against the economic fallout of the pandemic, this September might be slightly more difficult to get into the spirit of springtime.