Financial advice in the future

south Africa is a country of diversity – this is obviously true across many dimensions, but it is the skewed distribution of employment and wealth present in our country and its implications for the financial advice sector that is particularly important for this issue of Collective Insight.

It is the nature of a capitalist economy to arrange itself to serve the needs of those who can pay for them. While this system can have many beneficial outcomes for society, it is not the only way to do it. As the current experience of the US medical industry shows in its response to the Covid-19 pandemic, it can result in very haphazard and discriminatory care to citizens in times of need.

The SA financial services sector