banxsolatest news & developments
The Financial Sector Conduct Authority (FSCA) has revoked the financial services provider licence of Banxso, marking an escalation in its regulatory action after receiving consumer complaints about the business.

Financial watchdog revokes Banxso’s licence

AfriMarkets distances itself from the company as its own licence is provisionally withdrawn

  • Eyaaz
6 min read
The Financial Sector Conduct Authority (FSCA) has revoked the financial services provider licence of Banxso, marking an escalation in its regulatory action after receiving consumer complaints about the business.

Deepfake content ‘explosion’ lies ahead

Prominent people such as Elon Musk, Johann Rupert and Leanne Manas have been victims on social media platforms like Facebook and YouTube, and so have primary school children.

9 min read
Bitter pill: SABC presenter Leanne Manas’s identity has been stolen to make deepfake adverts for weight-loss ‘gummies’ and an online trading platform. Photo supplied

Leanne Manas speaks out about battling deepfake scams and identity theft

The popular morning news anchor has been inundated with calls and emails from scam victims desperate to get their money back

  • Des Erasmus
9 min read
The Financial Sector Conduct Authority has said Banxso’s licence remains withdrawn despite a recent court ruling

Banxso investors lose life savings

A deepfake ad ‘featuring’ Patrice Motsepe is still luring people into online trading platform

  • Eyaaz
8 min read
Deepfake adverts using Elon Musk to advertise.

Deepfake adverts exploit prominent figures: Banxso and Afrimarkets under scrutiny

Banxso has denied any links to or association with Immediate Matrix, the company behind some of the adverts that direct users to its trading platforms

  • Des Erasmus
7 min read

Financial watchdog sinks teeth into Banxso investigation

Investors have raised concerns that the parameters of the inquiry appear vague This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers

  • Eyaaz
1 min read

People lured by deepfake ads lose savings

The adverts impersonated billionaires such as Elon Musk and Johann Rupert, as well as SABC anchors, to promote an online trading platform

  • Eyaaz
8 min read