Committee of Insurance, Securities and
Non-Banking Financial Authorities
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South Africa
The Republic of South Africa occupies the southernmost part of the African continent stretching from the Limpopo River in the north to Cape Agulhas in the south. Covering an area of 1,219,090 km², the country shares borders with Namibia, Botswana and Zimbabwe in the north, and with Swaziland and Mozambique in the north east. It also entirely surrounds the Kingdom of Lesotho. To the west, south and east, South Africa borders the Atlantic and southern Indian oceans. The country’s coastline covers some 2,968 km. Lying 1,920 km south east of Cape Town in the Atlantic Ocean are the isolated Prince Edward and Marion islands, which were annexed by South Africa in 1947.
Financial Sector Conduct Authority
Head of Authority: Mr Unathi Kamlana
Sectors being Supervised: Banking and Non-banking Financial Services Industry, including Retirement Funds, Friendly Societies, Life and Non-Life Insurers, Financial Markets, Collective Investments Schemes, Financial Advisors and Intermediaries Credit Rating Agencies, Banks, Payment and Credit Services.
The Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA) was established in 1998, pursuant to Annexure 10 of the SADC Protocol on Finance and Investment as a committee of authorities responsible for the supervision of insurance, securities, and non-banking financial institutions (NBFI) in SADC Member States. CISNA is part of the Directorate of Finance, Investment and Customs of the SADC Secretariat and reports to the SADC Committee of Ministers of Finance and Investment through the Committee of Senior Treasury Officials.