CoFI

South Africa  ·  8 min read

What the SARB and FSCA AI Report Means for Boards

The SARB and FSCA have published their supervisory direction on AI governance in South Africa's financial sector. The report is not legally binding. It is the clearest signal yet of where binding requirements are heading — and the institutions that build governance-grade AI now will satisfy those requirements before they are enforced, not under examination pressure.