This document discusses arguments around the impacts of advertising. It notes that media outlets rely heavily on advertising revenues but that this gives advertisers power over content. While ads can stimulate product innovation and competition, they can also encourage materialism and stereotyping. The document examines issues around truth, deception and stereotypes in advertising. It outlines regulatory bodies and codes of conduct for advertising in South Africa. There is a growing number of complaints about misleading claims or offensive ads. The conclusion suggests that without regulation, advertising could have increasingly negative social and cultural effects over time.