Reserve Bank's Unathi Kamlana appointed as new head of FSCA
Finance Minister Tito Mboweni has appointed senior Reserve Bank official Unathi Kamlana as new commissioner of the regulatory authority for the financial sector.
Kamlana will take up the five-year appointment at the Financial Sector Conduct Authority (FSCA) on 1 June.
Astrid Ludin was appointed as his Deputy. She is a former Deputy Director-General at the Department of Trade, Industry and Competition.
Media statement - Minister @tito_mboweni has appointed Mr Unathi Kamlana as Commissioner of the Financial Sector Conduct Authority @FSCA_ZA. More details of the media statement may be accessed from this link: https://t.co/Af0mcMlh6Z pic.twitter.com/Dfr5MLgj1C— National Treasury (@TreasuryRSA) April 22, 2021
The Ministry of Finance says its Shortlisting Panel received 90 applications for the Commissioner position and five candidates were interviewed.
Kamlana is currently the Head of Department responsible for Policy, Statistics and Industry Support at the Prudential Authority of the Reserve Bank.
Bruce Whitfield interviews the incoming FCSA Commissioner on The Money Show.
I've been with the Reserve Bank for close to ten years in the Prudential Authority, focusing on soundness of institution for the past six years.Unathi Kamlana, Incoming Commissioner - Financial Sector Conduct Authority
Kamlana also comments on businessman Tokyo Sexwale's continued insistence that billions or even trillions of rands have been looted from a "Heritage Fund".
The Reserve Bank and National Treasury have said they have no record of the existence of the fund.
The conclusion is that Sexwale fell for a scam.
The context around this is the work we still obviously need to do to make sure that the public is aware of potential 419 scams. We've invested a lot of time and resources in the recent past to make sure that there is wider awareness.Unathi Kamlana, Incoming Commissioner - Financial Sector Conduct Authority
It's become clear that both the Reserve Bank and the FSCA still need to invest in further resources to make sure that people are aware of these scams.Unathi Kamlana, Incoming Commissioner - Financial Sector Conduct Authority
The FCSA issues warnings every week about scams being operated in the country.
Do we get to a point where we are wise enough as a public not to fall for these scams?Bruce Whitfield, The Money Show host
It's a very difficult area for the regulator. While part of the problem is ignorance... the other part is greed, even with those people that should - and do - know much better in terms of licensing institutions... They still want to try their luck.Unathi Kamlana, Incoming Commissioner - Financial Sector Conduct Authority
All we can do is to provide information to the public to insist on disclosure, and for those that are unlicensed in this space to publish that information so that the public is in the know.Unathi Kamlana, Incoming Commissioner - Financial Sector Conduct Authority
Listen to the interview with the incoming FSCA Commissioner:
This article first appeared on CapeTalk : Reserve Bank's Unathi Kamlana appointed as new head of FSCA
Source : https://previews.123rf.com/images/lovelyday12/lovelyday121712/lovelyday12171200074/92156765-business-documents-accounting-with-calculator-pen-and-magnifying-glass-concept-for-financial.jpg
Financial Mail Editor Rob Rose opens up about his attitude to money (hopes and fears, successes and failures, etc.).Read More
Bruce Whitfield interviews Dr Zoltan Erdey, author of "Going for Gold: The South African's Guide to Investing in Precious Metals".Read More
Can local businesses substitute 20% of their imports? Bruce Whitfield interviews Peter Attard Montalto of Intellidex.Read More
The Money Show’s Bruce Whitfield interviews Patrice Rassou, Chief Investment Officer at Ashburton Investments.Read More
The Money Show’s Bruce Whitfield interviews Redefine Properties CEO Andrew König.Read More
The Money Show’s Bruce Whitfield interviews Chris Schutte, CEO at Astral Foods.Read More
Personal finance expert Warren Ingram has sound advice on the timing of offshore investment decisions.Read More
The Money Show's Bruce Whitfield interviews Jessica Spira, Sector Head for Healthcare and Hospitality at Rand Merchant Bank.Read More
Dr Patrick Soon-Shiong is currently busy with clinical trials for the Covid-19 vaccine he's developed, says Prof. Shabir Madhi.Read More
Investigative journo Pauli Van Wyk says four SA insurance giants have lost R944m in total by using Insure Group as intermediary.Read More
Listeners question where the party gets the money for the legal battle between it and their secretary-general Ace Magashule.Read More
Board of Healthcare Funders managing director Dr Katlego Mothudi explains how medicine pricing works.Read More
The power utility says stage two load shedding will resume from 5 pm to 10 pm on Tuesday.Read More
The Health Department says 478,733 healthcare workers have been vaccinated to date.Read More
Actor, writer, and director Thami akaMbongo states that they have 10 points the Arts and Culture Department needs to attend to.Read More
CEO at Business Unity SA, Cas Coovadia says the private sector is right on track when it comes to vaccine rollout.Read More
Sex worker and representative for National Sex Workers, Katlego Rasebitse, says the government has failed sex workers in SA.Read More
Eyewitness News reporters Mia Lindeque, Theto Mahlakoane & Kevin Brandt report from vaccine sites in Gauteng and the Western Cape.Read More
Through the letter from attorneys Thompson Wilks, dated 16 May 2021, Matheba said Rea Gopane unlawfully and falsely accused her of introducing musician Kiernan 'AKA' Forbes to cocaine.Read More
The executive head of Redhill School says the decision was based on learners who were left hurt after debating about the matter.Read More