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AfriMarkets distances itself from the company as its own licence is provisionally withdrawn

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

Ithala’s provisional liquidation may result in the closure of 257 000 depositors’ accounts while legal proceedings are under way.  (Photo: Ithala)

Ithala’s chief executive wants policy intervention for the ‘financially sound’ institution

KwaZulu-Natal economic development MEC Musa Zondi said the ‘crisis’ at the finance institution, which had its licence suspended last week, was being addressed with urgency

Where are our financial watchdogs?

Victims of scams and pyramid schemes have little chance of recouping their financial losses

Financial Sector Conduct Authority logo

FSCA imposes fines of almost R1 billion on dodgy operators

The financial sector regulator is clamping down on service providers that are not compliant with anti-money laundering and counter-terrorism financing regulations

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

Alan Yates, Head of Distribution at Peregrine Capital.

Financial consumers back hedge funds for better risk-adjusted returns, downside protection

The SA hedge funds industry is gaining popularity among a broader range of consumers due to increased regulatory oversight

Markus Jooste. File photo

Steinhoff’s Markus Jooste dead, allegedly by suicide

The disgraced former chief executive allegedly shot himself on a Hermanus beach in the Western Cape just a day after he was slapped with a R475 million fine