ByAndile
FAIS Fit and Proper Requirements to Meet DOFA Date Before appointing a representative, make sure to verify their date of first appointment (DOFA). This is important as the amount of time available for them to meet the ‘fit & proper’ criteria depends on this date. Dofa Date (The Date of First Appointment) marks when you’re officially appointed to act as a representative of an authorised Financial Services Provider (FSP). This also means you will be…
ByAndile
The property revolution podcast is an unconventional, radical and inspirational space to drive an intentional conversation about economic transformation to Africans by Africans through property. Hosted by Andile Fulane, one of the pioneers and advocates of financial literacy as a tool to emancipate and uplift Africans from socio-economic challenges. Andile built his wealth and other businesses through a property portfolio that not only gave him 160% gross returns in the past 12 years but also…
ByAndile
Cape Town’s investment community is missing a massive opportunity by overlooking its townships. The valuation gap between urban areas and townships highlights deep inequality in income, wealth, and quality of life. Soweto has over 1,600 properties worth more than R1 million. In the last year alone, property transactions there exceeded R1.1 billion, with a growing share driven by first-time buyers under 35. By contrast, Khayelitsha has zero properties valued at R1 million or more. The…
ByAndile
So, about 15 years ago when I first started working with Stokvels, I thought I was ready to “educate my people”. I was fresh out of corporate, naive, armed with pride, confidence and a cape🦸🏿no one gave me😅. One day I walked into a Soweto living room filled with mature women — medical doctors, entrepreneurs, and lawyers who were pooling money to buy holiday homes 🏨. I walked out humbled🤦🏿. Instead of teaching, I found…
ByAndile
I was mentored by award-winning entrepreneur and author, fondly known as the godmother of Stokvelling in South Africa, Busi Skenjane, who has been shaping the stokvel movement for over 40 years. From my own upbringing to my time under Mam Busi’s wing at the Stokvel Academy in Soweto, I saw that most stokvel members seeking training and mentorship were women. This shaped how I tailored my content to reflect the daily realities of the resilient…
ByAndile
Introduction The landscape of accredited courses in South Africa is undergoing a significant transformation with the shift from the Sector Education and Training Authority (SETA) to the Quality Council for Trades and Occupations (QCTO). This move aims to standardise qualifications and improve the quality of education and training in various sectors, including financial services. This article provides an in-depth analysis of how this transition affects financial planning education, specifically focusing on INSETA courses, their breakdown…
ByAndile
Introduction In a significant move aimed at improving retirement outcomes, South Africa has introduced the two-pot pension system. This new framework is designed to provide greater flexibility and security to employees, ensuring that they have sufficient funds during their retirement years. As specialists in financial education, FinLite is dedicated to empowering individuals, companies, and pension funds with the knowledge needed to navigate this transition effectively. This blog post offers a detailed look at the key…
