This might be the DULLEST video ever... we urge you to watch it, however, as neither the economy nor the taxpayer can afford what is planned.
You might have heard of a thing called the TWIN PEAKS method of FINANCIAL SERVICES REGULATION. TWIN PEAKS is one of the most complex regulatory structures in the history of the country and nothing else is more complex in all South African law.
Government has persuaded parliament to introduce a massively complex financial services system which will cost the public at least R4.8bn every year.
Government’s proposed financial services system will raise the price of financial services which particularly impacts the vulnerable and poor.
Compliance prices are always carried by consumers and taxpayers.