Editor’s Thoughts.

News over the weekend was another large organisation being slapped with an administrative sanction – this time, Discovery Bank, to the tune of R3 million (R1 million suspended for 3 years) by the Prudential Authority for non-compliance with key provisions of the Financial Intelligence Centre Act. (Read the PA’s press release here.) Having celebrated SA being removed from the FATF’s greylist early last week, we are reminded of the price that this comes with, as the authorities focus on strengthening our anti-money laundering and counter-terrorism financing framework. For me the issue is certainly not questioning the strict supervision of financial institutions – of course, a trustworthy and disciplined financial sector is in all our best interests – the question is the cost of compliance. How does the little guy, with limited resources, make sure that compliance is top notch? This is a conversation that EBnet will be unpacking early in 2026.

Having spent most of last week hanging out with the experts in our community, I am once again struck by how important the work we do is. I enjoyed Kashif Noor’s (Ashburton Investments) article on the financial planning myths we tell ourselves. It’s a wonderful piece to remind clients and retirement fund members that financial planning isn’t for the old and rich who have already made it, but rather for all of us to be deliberate with how we save and spend.

And I can’t help but wonder what a fair pay and transparency system would look like in South African organisations. Suran Moodley (Ariston Global) shares the details around the proposed Fair Pay Bill.

EBnet.Stream also chatted to Belinda Sullivan (Alexforbes) on the 2025 Mercer CFA Global Pensions Index. You can catch this conversation under Top Picks for You. There are some surprises – good ones! (The full report is available on our Publications Podium.)

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