The Financial Sector Conduct Authority FSCA Commissioner Unathi Kamlana has urged leaders to prioritise values over value.
Addressing the 11th Archbishop Thabo Makgoba Development Trust Annual Lecture at Rhodes University this week, Kamlana reflected on the crises facing South Africa and the world, arguing that a renewed focus on integrity and ethics is essential to prevent systemic harm.
He argues that the relentless pursuit of financial value without a moral compass has led to devastating consequences, citing the 2008/09 Global Financial Crisis and local scandals like the collapses of Steinhoff and VBS Mutual Bank.