Kaya 959 Kaya Biz

Australian 'finfluencers' can now get prison time for giving unlicensed financial advice – what do they need to know?

Loading player...
Creators known as "finfluencers" make content about finances, from budgeting tips to explainers on complex investments. Some use their platforms to promote investing in certain stocks or assets, promising their followers lofty returns. Many flex their luxurious lifestyles on Instagram and TikTok, and credit their wealth to their investing savvy.

The Australian government is cracking down on the creators who offer financial advice without a federally-issued license. In an information sheet released last month, the Australian Securities and Investments Commission (ASIC) warned that influencers who continue to offer unlicensed financial services can be penalized with hefty fines and up to five years of jail time.
14 Apr 2022 4AM English South Africa Business News · Investing

Other recent episodes

Tracking South Africa’s Reform Agenda

Econometrix Chief Economist Dr. Azar Jammine breaks down the latest Operation Vulindlela progress report. We explore where reforms are gaining traction—from energy restructuring to freight logistics—and where bottlenecks remain.
28 Apr 3PM 20 min

Is SA’s Construction Sector Turning?

Economist Dr. Roelof Botha analyzes the latest Afrimat Construction Index alongside Operation Vulindlela’s reform dashboard. With construction activity rising for a second quarter, we ask whether reforms in energy, logistics, and water are finally translating into real‑world infrastructure momentum.
28 Apr 3PM 13 min

Making B‑BBEE Work for Growth

NEF General Counsel Karishma Govender joins us to unpack new research on managers’ perceptions of B‑BBEE. We explore why transformation remains essential.
28 Apr 3PM 8 min

Inside the SpendTrend26 Report

Discovery Bank CEO Hylton Kallner joins Kaya Biz to unpack the SpendTrend26 report, revealing how South Africans are becoming more disciplined, more digital, and more value‑driven.
28 Apr 3PM 17 min

Long‑Term Investing in Uncertain Markets

With global conflict, inflation swings, and rapid AI disruption, investors are feeling the pressure. Horacia Naidoo‑McCarthy from Allan Gray explains how to avoid emotional decision‑making, anchor to fundamentals, and maintain long‑term discipline when markets feel unfamiliar and unpredictable.
28 Apr 3PM 12 min
All episodes