Former Steinhoff executive Stéhan Grobler fined R358.75m
The FSCA says Grobler contravened the Financial Markets Act by publishing false or misleading financial statements between 2014 and 2017.
#FinancialSectorConductAuthority
Court resolves key costs questions in Cadac Pension Fund case
The High Court overturns an earlier disallowance of the curator’s costs and reaffirms that former trustees remain personally liable for curatorship and inspection expenses.
Equality Court: 2021 licence relief did not extend to FSPs
Ministerial Directives issued in July 2021 applied only to specified businesses under the Businesses Act, not to FAIS-regulated FSPs.
FSCA Consumer Advisory Panel releases inaugural annual report
The report details the Panel’s mandate, membership, and engagement with the regulator since its establishment in 2023.
Key fintech policy developments to watch in 2026
Regulatory initiatives across payments, digital assets, open finance and embedded finance are expected to progress this year.
FSCA clears crowd-farming platform of unauthorised financial services
But the Authority fines Livestock Wealth and its CEO for displaying a partner FSP licence in a ‘misleading’ way.
FSCA issues multiple public warnings about unauthorised operators
South Africans should verify anyone offering financial services or investment opportunities.
FSCA licenses most crypto provider applicants – as enforcement tightens
The rising number of investigations and inspections underline a shift from registration to active supervision.
Exemption opens Lloyd’s specialist insurance to SA market
It is now easier for brokers and policyholders to place business with Lloyd’s, particularly for personal indemnity, cyber, marine trade, and mining exposures.
FSCA slaps Banxso and directors with record R2bn fine
The Authority says the penalties reflect the financial benefit gained from unlawful conduct and the harm to clients – handing 30-year debarments to several Banxso executives.
Multimillion-rand penalties levied across Medbond Group
The FSCA imposes a R197m fine on Medbond Insurance Brokers and its principal, whom it debarred for 30 years.
R12.6m fine, 15-year ban send strong warning on unauthorised insurance
The FSCA’s investigation concluded that South African Relocations and The Relocations Group offered marine insurance without registration.
Twenty-year debarment and R9m fine for unauthorised ‘forex trading’
The Authority found that most investor funds were used to pay ‘returns’ to other investors and cover personal expenses.
Transitional delegations under the FSRA pushed to 2028/29
New end-dates extend the temporary allocation of certain supervisory duties to the FSCA and PA while regulatory frameworks are finalised.
Alternative stock exchange resolves ‘opt out’ listings dispute with FSCA
A2X says it will pay the fine, adding the vast majority of the affected companies have elected to retain their secondary listings.
FICA compliance webinars for crypto firms
The FSCA has uploaded recordings of its five-part webinar series aimed at helping CASPs meet their FICA obligations.
FSCA and PA publish comprehensive study into AI use in financial sector
The regulators will issue a discussion paper to clarify governance, disclosure, and consumer-protection expectations.
