Financial firms face R2.1bn price tag to keep themselves in check
Industry will fork out a further R548m in proposed premiums to fund the recently introduced deposit insurance scheme
09 February 2022 - 16:10
SA’s financial services sector would fork out an additional R290m a year to fund the industry’s regulatory system, according to proposals from the National Treasury submitted to parliament.
Total proposed levies of R1.6bn exclude R548m proposed as premiums for the recently introduced deposit insurance scheme, that will provide some cover to depositors in the event of a bank failure...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.