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The Financial Sector Conduct Authority (FSCA) has provisionally withdrawn the licence of Mixirite (Pty) Ltd FSP 52110 (Mixirite). The FSCA is concerned that there is a real risk of harm to clients and/or the general public if Mixirite continues its operations as a financial services provider. The provisional withdrawal is based on preliminary investigation findings …
In June 2024, the Financial Sector Conduct Authority (FSCA) issued a media release informing the public that it had registered an investigation into Astrix Data (Pty) Ltd (Astrix Data), Vector Financial Services (Pty) Ltd and Finbok, following complaints received from members of the public. The investigation is at an advanced stage. The FSCA has been …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with Mr Kobus Venter and Kobus Venter Wealth Planning. The FSCA received information that Mr Kobus Venter and Kobus Venter Wealth Planning are soliciting funds from members of the public for trading purposes. Without commenting on the business …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with an individual using the name Thapelo Mokoena (Mr Mokoena) purporting to be a representative of Alpha Wealth (Pty) Ltd (Alpha Wealth), an authorised Financial Services Provider (FSP 13808). It has come to the FSCA’s attention that Mr …
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when dealing with individuals impersonating the FSCA, and its Commissioner, Mr Unathi Kamlana (Mr Kamlana). The impersonators appear to be operating a “cloning scam”, where they assume the identity of the FSCA, Mr Kamlana and other agencies such as the Financial and Fiscal …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with persons purporting to be associated with Ascor Independent Wealth Managers CC (Ascor), an authorised financial services provider (FSP) (FSP 12653). It has come to the FSCA’s attention that impersonators are using the name of Ascor to promote …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with Fast Profit Income. The FSCA received information that Fast Profit Income is soliciting funds from members of the public for investment in cryptocurrency and forex. Fast Profit Income through its website is reportedly offering investment opportunities, where …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with TPG Joburg Nexus and persons purporting to be associated with Dr Duarte da Silva (Dr da Silva) and TPG Capital (an American private equity firm based in Fort Worth, Texas). It has come to the attention of …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with Aito Capital. It has come to the FSCA’s attention that Aito Capital is purporting to be an authorised financial services provider (FSP). Aito Capital is using the FSP number of Return on Investment Brokers CC to promote …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with persons purporting to be associated XM ZA (Pty) Ltd (FSP 49976) (XM ZA). It has come to the FSCA’s attention that there are individuals impersonating XM ZA through WhatsApp. The administrators of the WhatsApp group are operating …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with Ameer and Sons (Pty) Ltd purporting to be authorised as a financial services provider (FSP) and a Crypto Asset FSP. It has come to the FSCA’s attention that the Ameer and Sons claimed to have obtained an …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with Daily Financial Earners, which is purporting to be associated with authorised financial services providers (FSP) Rich Ideas Group (Pty) Ltd (FSP 50569) and Rob Mitchell Brokers CC (FSP 31569). It has come to the FSCA’s attention that …
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when dealing with individuals impersonating Ms Maya Fisher-French (Ms Fisher-French) and Mr Bruce Whitfield (Mr Whitfield). It has come to the attention of the FSCA that individuals used AI technology to create a deepfake video to impersonate Ms Fisher-French and Mr Whitfield. The …
The Financial Sector Conduct Authority (FSCA) has debarred Mr Robert Fabian Linder (Linder) for a period of 10 years and imposed an administrative penalty of R1 000 000, inclusive of costs, on Equitos Group (Pty) Ltd (Equitos). Complaints were received that Equitos and Linder offered financial services to members of the public without authorisation. An …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with Ms Shaakirah Johnson (Johnson) and Cloud 9 Investments SA (Pty) Ltd (Cloud 9). The FSCA received information that Johnson and Cloud 9 are soliciting funds from members of the public for forex trading purposes. Without commenting on …
The Financial Sector Conduct Authority (FSCA) advises the public to exercise caution when conducting financial services business with individuals impersonating Fairtree Asset Management (Pty) Ltd (“Fairtree Asset Management”), FSP No. 25917, and its Chief Executive Officer (CEO), Mr Kobus Nel. It has come to the attention of the FSCA that Fairtree Asset Management and its …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with persons purporting to be associated with PWM Wealth Management (Pty) Ltd, FSP No. 51323 (“PWM Wealth Management”). It has come to the FSCA’s attention that the administrators of a Telegram group are using the name and logo …
The Financial Sector Conduct Authority (FSCA) has withdrawn the authorisation of the South African Army Foundation (SAAF) to act as a financial services provider (FSP). In addition, the FSCA has imposed administrative penalties on Ms Maria Rosa Barros and Mr Angel Errol Ramphele, and issued debarment orders against both individuals. The SAAF, previously authorised as …
In 17 March 2026, the Financial Sector Conduct Authority (FSCA), by agreement with Mr Johannes Lodewicus Du Plessis (“Du Plessis”) and JLD Investments CC (Registration Number 2010/171827/23) (“JLD Investments”), appointed a curator in terms of section 5(10) of the Financial Institutions (Protection of Funds) Act, No. 28 of 2001 (“FI Act”) for a portion of …
The Financial Sector Conduct Authority has taken regulatory action against Mr Mosiuoa Zacharia Palime (“Palime”) and MZP Markets (Pty) Ltd (“MZP Markets”). Palime has been debarred from the financial services industry for 15 years, and MZP Markets has been issued with an administrative penalty of R1 000 000, inclusive of costs. Multiple complaints alleged that …