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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AfriMarkets distances itself from the company as its own licence is provisionally withdrawn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
File photo by Delwyn Verasamy/M&G

Financial institutions told to improve complaint processes as consumer regret grows

A new study by the Financial Sector Conduct Authority reveals that 67% of customers surveyed expressed buyer’s remorse

  • Des Erasmus
5 min read
File photo by Delwyn Verasamy/M&G

Ombudsman pays back R12.1 million to consumers

Shoppers have had a rough time navigating online purchasing, which is rife with ‘deceptive practices’

  • Des Erasmus
3 min read