CFI Financial Group, a global leader in online trading, yesterday officially launched its operations in South Africa.
CFI said this expansion reflects commitment to bringing innovative and secure online trading services to the African market. It also aligns with the company’s vision to empower traders and investors worldwide with cutting-edge financial solutions.
The launch follows the successful acquisition of a Category 1 Financial Service Provider (FSP) license from the Financial Sector Conduct Authority (FSCA) earlier this year, enabling CFI Financial , the group’s South African subsidiary, to begin offering a broad range of advanced trading technologies and financial products to local traders.
A key part of this expansion is the appointment of Zihaad Israfil as CEO of CFI South Africa. With nearly 20 years of experience in the financial markets, Israfil brings a wealth of knowledge in leadership, trading, and sales. His expertise in building high-performance teams and driving business growth is expected to play a crucial role in the company’s success in the South African market.
Hisham Mansour, the co-founder and managing director of CFI Financial Group, said, “Our entry into South Africa is a major milestone in our global growth strategy,” said Mansour. “We are confident that Zihaad’s leadership will be instrumental in ensuring our success in this dynamic market.”
Israfil said, “CFI’s commitment to excellence and innovation resonates with the growing financial community in South Africa. I look forward to delivering exceptional services and advanced solutions to empower local traders.”
The South African office, located in Claremont, Cape Town, marks a significant step in CFI’s strategy to expand its footprint across Africa, joining recent global expansions in regions like Egypt, Kuwait, Azerbaijan and Palestine.
CFI Financial Group has over 25 years of experience in online trading and operates a wide network of regulated entities and offices globally. It is also known for its partnerships with prestigious organisations like AC Milan and FIBA WASL, further solidifying its global presence.
BUSINESS REPORT