
Fintech Kastelo weighs walking away from appealing blocking order
The FSP has paused its crypto-arbitrage service after the High Court upheld the SARB’s order, finding reasonable grounds to suspect exchange control contraventions.

The FSP has paused its crypto-arbitrage service after the High Court upheld the SARB’s order, finding reasonable grounds to suspect exchange control contraventions.

The Authority was not required to disclose documents tied to its investigation and search warrant against the Municipal Employees’ Pension Fund.

A Court-ordered reset of the RAF claims process may force recognition of previously excluded liabilities, with potentially severe consequences for the Fund and the fiscus.

The judgment clarifies that when a taxpayer offers over-collateralised security and SARS cannot explain real risk, suspension should follow.

The FST erred because it focused on contractual obligations rather than the broader fit and proper requirements.