FAIS the harbinger of things to come

ROBERT W VIVIAN, Professor of Finance and Insurance School of Economic and Business Sciences, University of the Witwatersrand & LEON LOUW, FMF Executive Director
14 March 2018
11h00 for 11h30 Registration & finger lunch
11h30 to 13h30 Presentation & discussion
FMF, Block 5 Bryanston Gate, 170 Curzon Road, Bryanston (Off Main Road opposite the Sandton Medi-Clinic)

FAIS* the harbinger of things to come

A glimpse of the new world which beckons under Twin Peaks

  • A regulatory state without a regulatory purpose
    • The stated purpose of FAIS* which was quickly forgotten
    • The replaced purposes
  • Purposeless bureaucracy without cost constraints
    • Taxes without parliament
    • Head count from 0 – 500 and rising
    • A budget from 0 – R600 MILLION per annum and rising
  • Consumer relationships without contracts
  • Legislation without parliament
  • A judiciary without the judiciary
  • The world we refused to have is the world we now have 
*Financial Advisory and Intermediary Services Act

Robert Vivian is Professor of Finance & Insurance, School of Economic and Business Sciences, Wits University. Robert originally studied electrical engineering, graduating with a BSc (ElecEng) degree. While practising as an engineer, he obtained two law degrees from UNISA and subsequently began a career in risk management, specialising in the management of liability risks while working for Alexander Forbes (now Marsh Africa), a career he followed for the next decade. In 1989, the University of the Witwatersrand established a chair in Insurance & Risk Management and Robert was appointed as the first professor to hold this chair, a position he has held ever since.
Leon Louw is a well known South African personality who, for over a generation, has been active in diverse aspects of public life. He is credited with having had a significant impact on the course of events in South Africa, especially regarding the extensive economic reforms that took place during the last two decades of apartheid, and the inclusion of the property rights clause in the constitution. With his wife, Frances Kendall, he was nominated for the Nobel Peace Prize for proposals made in their book South Africa: The Solution. Leon is the Executive Director of the Free Market Foundation.


Note to the editor

The FMF is an independent, non-profit, public benefit organisation, created in 1975 by pro-free market business and civil society national bodies to work for a non-racial, free and prosperous South Africa. As a policy organisation it promotes sound economic policies and the principles of good law. As a think tank it seeks and puts forward solutions to some of the country’s most pressing problems: unemployment, poverty, growth, education, health care, electricity supply, and more. The FMF was instrumental in the post-apartheid negotiations and directly influenced the Constitutional Commission to include the property rights clause: a critical cornerstone of economic freedom.

The FMF has a wealth of information in papers, articles and opinion pieces available on the website which can influence the public debate and present alternative policies to the people of South Africa. Please look at our website www.freemarketfoundation.com.

www.facebook.com/fmfsa | Twitter - @fmfsouthafrica

Media Enquiries
Jayne Boccaleone
082 904 3616

Other Enquiries
Joan Evans
011 884 0270

Support the FMF

The FMF relies on financial support from corporate and individual members and donors. All individuals and companies can donate and deduct a maximum of 10% of their taxable incomes to Section 18A approved public benefit organisations. The minimum annual

Keep Informed

If you would like to be alerted to our upcoming events, subscribe to our newsletter.

Help FMF promote the rule of law, personal liberty, and economic freedom become an individual member / donor HERE ... become a corporate member / donor HERE