
FSCA announces proposed levy increase for 2025/26
The increase is below the 6% CPI-related increase permitted by the Levies Act.
The increase is below the 6% CPI-related increase permitted by the Levies Act.
National Treasury tells companies and trusts to submit their beneficial ownership information by the end of November.
Kabelo Gwamanda is accused of conning Soweto residents through his company, Ithemba Lama Afrika, leaving policyholders stranded when the business vanished in 2012.
The FSCA also reiterates its warning against Donafin, which continues to charge fees for unauthorised financial services.
FSCA warns about Miway Express Credit Solutions, as well as entities and individuals who are impersonating legitimate FSPs.
The former owner of Gundo Wealth Solutions has been fined R3 million and debarred for a decade for brokering investments into VBS Mutual Bank.
The Authority has made good on its undertaking to act against unlicensed trading signal providers, imposing a R1m fine and a 10-year debarment.
The Authority says its investigation raises concerns about aggressive sales tactics, unrealistic returns, and significant losses by clients.
The FST orders the FSCA to reconsider key decisions regarding the Municipal Employees Pension Fund, saying the regulator overstepped its authority.
The Authority has issued a request for up-to-date information on trustees so it can check whether they are compliant.
Muvhango Lukhaimane will also consult with trustees on guidelines for naming and shaming problematic funds, administrators, and employers.
Funds made different calls on the conditions for the exclusion of provident preservation fund members and the seeding date for members who opt in.
Among other measures, SARS says it is engaging with the FSCA about providing information on registered crypto asset service providers.
The Authority has agreed to reconsider the penalties it imposed on ‘Coenie’ Botha, the founder of Coin Based Innovation Global.
FSPs have a statutory obligation to combat exam fraud by verifying certificates directly with Moonstone or the FSCA.
The Financial Intelligence Centre’s sector final risk assessment report for crypto asset service providers is set to be published in the new financial year.
The owner of MIKA Finansiele Dienste emphasises that waiting for an audit before getting your house in order can have costly consequences.
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