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The Financial Sector Conduct Authority (FSCA) advises the public to exercise caution when engaging in financial services transactions with individuals using Telegram to impersonate the financial services provider (FSP) Alexander Forbes Financial Planning Consultants (Pty) Ltd (Alexander Forbes) (FSP number 31753) and its Chief Executive Officer (CEO), Mr Dawie de Villiers. The FSCA received information …
The Financial Sector Conduct Authority (FSCA) cautions the public to exercise care when conducting financial services business with persons purporting to be associated with Capitec Bank Limited (Capitec), FSP number 46669. It has come to the FSCA’s attention that Mr David Sean (Mr Sean) is using Capitec’s FSP number to solicit investments from members of …
The Financial Sector Conduct Authority (FSCA) urges the public to exercise caution when dealing with Fast Track Global Trade, a website that claims to offer investment opportunities. The FSCA has received reports that Fast Track Global Trade is soliciting funds from members of the public through its website: https://fasttrackglobaltrade.com. The platform promotes various investment plans …
The Financial Sector Conduct Authority (FSCA) hereby warns the public to exercise caution when conducting financial services business with Mr Joash Naidoo (“Mr Naidoo”) or persons presenting themselves as such. 9 December 2025 UPDATE: The FSCA has provided an update, after having investigated the matter further. Based on evidence in relation to various social media …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with Mr Daniel Karabo Tshabalala (Mr Tshabalala). The FSCA received information that Mr Tshabalala is soliciting funds from members of the public for investment purposes. Mr Tshabalala is using Instagram to provide signals and trading services to members …
The Financial Sector Conduct Authority (FSCA) has concluded the finals of its 2025 Financial Literacy Speech Competition (FLSC), held on 17 October in Cape Town, celebrating a new generation of articulate and financially savvy youth. After a highly competitive series of regional rounds which saw more than 7000 learners from across the country, the nine …
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with persons using WhatsApp, Facebook, and websites purporting to be associated with financial services provider (FSP) Capitec Bank Limited (Capitec Bank) (FSP number 46669). It has come to the attention of the FSCA that individuals using WhatsApp, Facebook …
The Financial Sector Conduct Authority (FSCA) advises the public to exercise caution when engaging with individuals on Telegram who are impersonating Sterling Private Wealth (Pty) Ltd (Sterling) and its director Mr Graydon Morris (Mr Morris). Sterling is an authorised financial services provider (FSP) with FSP number 32319, The FSCA has been made aware that administrators …
The Financial Sector Conduct Authority (FSCA) advises the public to exercise caution when engaging with administrators of Telegram groups falsely claiming to be associated with authorised financial services provider (FSP) Quantum Wealth Management (Pty) Ltd (Quantum Wealth) (FSP 862), as well as its director, Ms. Alicia De Klerk (Ms. De Klerk). It was brought to …
The Financial Sector Conduct Authority (FSCA) advises the public to exercise caution when conducting financial services business with Dazzle Brilliance Diamond (Pty) Ltd (Dazzle). The FSCA has received information that Dazzle is soliciting funds from members of the public for investment purposes, while promising unrealistic returns. Dazzle is reportedly offering investment opportunities, where members of …
The 2024/25 Integrated Report of the Financial Sector Conduct Authority (FSCA) has been successfully tabled in Parliament and published on the Authority’s website. The report provides an overview of the FSCA’s performance during the period between1 April 2024 and 31 March 2025, detailing how the Authority creates and preserves value in the short, medium and …
The Financial Sector Conduct Authority (FSCA) advises the public to exercise caution when conducting financial services business with Mr Michael Jacobs (Mr. Jacobs) and AMFX Solutions (AMFX). It has come to the attention of the FSCA that Mr. Jacobs and AMFX are soliciting funds from members of the public for investment purposes, while promising unrealistic …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with Lucas Sekhorane Maake (Mr Maake), who also operates as Skuriey.rsa on Telegram. It was brought to the attention of the FSCA that Mr Maake is using Telegram to offer forex signals and account management services to members …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with persons purporting to be associated with financial services provider (FSP) TCEPMA CC (TCEPMA) (FSP number 36799). It has come to the attention of the FSCA that the impersonators are claiming to be associated with TCEPMA by using …
The FSCA has received information that iFX Brokers and its CEO are being impersonated on social media platforms and online. The impersonators have created a website that closely resembles that of iFX Brokers’ and are soliciting investment in amongst others Forex, Contracts for Difference, Stocks and Indices. The impersonators are also using a Telegram group, …
In a press release issued on the 20 August 2025, the Financial Sector Conduct Authority (FSCA) warned the public not to deal with an entity referring or purporting to be “Octodec Invest Ltd” claiming to be associated with the Johannesburg Stock Exchange (JSE), a licensed stock exchange. The entity is using the name similar to …
The FSCA is warning the public against a fraudulent WhatsApp group claiming to be associated with the FSCA and the Johannesburg Stock Exchange. The Financial Sector Conduct Authority (FSCA) cautions the public not to deal with a syndicate operating on WhatsApp and claiming to be associated with the FSCA and the Johannesburg Stock Exchange (“JSE”). …
Octodec is using JSE’s name (a licensed Stock Exchange) without any approval, creating an impression that it is affiliated to the JSE and that its activities are approved by JSE when this is not the case. JSE legal counsel has confirmed that Octodec is not in any way linked to the JSE. Octodec’s unauthorised use …
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with Gold Trading, who are impersonating an authorised financial services provider (FSP). It was brought to the attention of the FSCA that Gold Trading, is using the FSP number of Astrix Data (Pty) Ltd (Astrix Data) (FSP 52313) …
The Financial Sector Conduct Authority (FSCA) of South Africa and the International Finance Corporation (IFC), a member of the World Bank Group, have signed a Cooperation Agreement to support the development of climate and sustainability reporting regulations aligned with the International Sustainability Standards Board (ISSB). The agreement supports ongoing efforts by the FSCA to support …
The Financial Sector Conduct Authority (FSCA), in collaboration with the Financial Services Consumer Education Foundation (FSCEF), is pleased to announce the commencement of the 2025 Financial Literacy Speech Competition (FLSC). Now in its eighth year, this FLSC promotes financial literacy among Grade 11 learners from quintile 1 to 4 schools. The competition provides a platform …
The Financial Sector Conduct Authority (FSCA) received information that Portem Industries (Pty) Ltd (Portem Industries) are impersonating Portdem (Pty) Ltd (Portdem). It has come to the attention of the FSCA that Portem Industries used the FSP number (FSP 8267) of Portdem to solicit funds from the public for investment purposes. Portdem was authorised to provide …
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with a person on Telegram purporting to be associated with financial service provider (FSP) Altron TMT (Pty) Ltd (Altron TMT) (FSP Number 50256), and its representative Mr. Werner Gerhard Kapp (Mr. Kapp). The FSCA has been made aware …
The Financial Sector Conduct Authority (FSCA) warns members of the public to exercise caution when engaging with administrators of a Telegram group operating under the name PSG Wealth (Pty) Ltd. This group falsely claims to be affiliated PSG Wealth Financial Planning (Pty) Ltd (FSP number 728) (PSG Wealth), and its representatives Ms. Elke Brink (Ms. …