financial sector conduct authoritylatest news & developments
New legislation seeks to close regulatory gaps to protect consumers and promote a competitive digital finance system. Photo: Nadine Hutton/Bloomberg via Getty Images)

Buy now, panic later: A legal deep dive into South Africa’s payment revolution

New legislation seeks to close regulatory gaps to protect consumers and promote a competitive digital finance system

6 min read
Ithala SOC Limited chief executive Thulani Vilakazi

‘We are no VBS,’ says Ithala Bank chief executive Thulani Vilakazi

The KwaZulu-Natal state-owned bank is working to overcome its regulatory and legislative issues

  • Eyaaz
5 min read
Developing countries that are the most vulnerable to climate change are angry about a new text released at COP29 on Friday, which says developed countries must pay $250 billion a year until 2035 for climate action.(Waldo Swiegers/Bloomberg via Getty Images)

SA companies should focus on meeting the requirements for a ‘green economy’

The public and civil society taking action to ensure compliance with environmental sustainability local and international laws and treaties is likely to gather momentum

  • Eyaaz
4 min read

A step-by-step guide to forex trading for South African investors

To make money in this field requires research, careful planning and plenty of practise

  • Derek Davey
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
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
Graphic: John McCann/M&G

Financial crimes watchdog nets R100 million in penalties

Seventy cases of alleged financial crimes have been referred to the police for further investigation

  • Eyaaz
5 min read
Former Steinhoff CEO Markus Jooste. (David Harrison/M&G)

Steinhoff’s Markus Jooste slapped with R475 million fine

But European executive Dirk Schreiber has entered into a leniency agreement, avoiding a financial penalty 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
Craig Warriner. Graphic representation by John McCann/M&G

Victims of R2.7bn BHI Trust ponzi scheme in the dark

Investors are worried that as the investigation drags on, their life savings may have been transferred out of reach to offshore companies

  • Des Erasmus
6 min read