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The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services and insurance business with Mr. Frank Kabelo Mashilo (Mr. Mashilo) and Mashram United Funeral Undertakers’ Compliance Organisation (MUFUCO). The FSCA received a complaint that Mr. Mashilo and MUFUCO may be issuing insurance policies to members of the public which …
The Financial Sector Conduct Authority (FSCA) cautions the public against individuals fraudulently posing as employees or representatives of EasyEquities, a platform operated by First World Trader (Pty) Ltd, an authorised financial services provider. The FSCA has received a report from Purple Group Ltd, the parent company of EasyEquities, indicating a rise in impersonation incidents where …
The Financial Sector Conduct Authority (FSCA) has published its latest Regulatory Actions Report for the 2024/25 financial year. The report, available on the FSCA website (www.fsca.co.za), outlines enforcement activities undertaken between 1 April 2024 and 31 March 2025. It also sets out the Authority’s forward-looking priorities, informed by prevailing trends and emerging risks. In its …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with persons using WhatsApp, purporting to be associated with Scope Markets SA (Pty) Ltd (Scope Markets) and its Chief Executive Officer (CEO), Mr Robert J. Van Eyden. The FSCA has received information that there are individuals who are …
The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial services business with an entity called SYW and an individual by the name of Mr Hannes Dupper. The FSCA received a complaint alleging that SYW and Mr Dupper are operating a business that renders financial investment services and take investments against unsecured …
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with TradeFD. It has come to the attention of the FSCA that TradeFD is impersonating financial services provider (FSP) Tradelab (Pty) Ltd (Tradelab) by using its FSP number 52058. TradeFD reflects on its website that it is authorized …
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with Primewave Capital. It has come to the attention of the FSCA that Primewave Capital is soliciting funds from members of the public for investment purposes, while promising unrealistic returns. Members are recruited through Facebook. The FSCA points …
The Financial Sector Conduct Authority (FSCA) has published its 2025 Regulation Plan (the plan is reviewed and updated annually to ensure it remains current, relevant, and responsive to emerging risks and developments in the financial sector), setting out its regulatory framework priorities for the period 1 April 2025 to 31 March 2028. The Plan is …
The Financial Sector Conduct Authority (FSCA) has issued a warning to the public to be cautious when conducting financial services business with Mr Kabelo Edgar Pilusa (Mr Pilusa). It has come to the attention of the FSCA that Mr Pilusa is soliciting funds from members of the public for investment purposes. Members are recruited through …
The Financial Sector Conduct Authority (FSCA) has been become aware that an entity known as LearnOn (Pty) Ltd (Learn On) has been offering continuous professional development (CPD) services to Financial Services Providers (FSP) without the necessary authorisation. The services offered include the provision of assistance to FSPs in meeting their CPD competency requirements as set …
The FSCA is investigating CoCre8 Wealth (Pty) Ltd FSP 48408, CoCre8 Gold (Pty) Ltd, Mr George Fredrick Meyer, Mr Jacques Vernon Fox and Mrs Susanna Johanna Meyer The Financial Sector Conduct Authority (FSCA) informs the public that it is currently conducting an investigation in respect of the persons mentioned below (the investigated parties): CoCre8 Wealth …
The Financial Sector Conduct Authority (FSCA) received information that Zibu Masotobe Sibiya with WhatsApp number (+27717684632), and her associate Mike Mabuyakhulu with WhatsApp number (+27794293027) are impersonating Brokstock SA (Pty) Ltd. The individuals are unlawfully acting as representatives through Telegram and WhatsApp groups called Brokstock Beginner/s. The bank account number they are using is Brockstockshares …
During recent years the Financial Sector Conduct Authority (FSCA) has received numerous complaints regarding various entities that were issuing performance guarantees (guarantees). Municipalities and government departments (State Entities) require performance guarantees from successful bidders for infrastructure projects. The performance guarantee is requested by the State Entity in terms of the General Code of Contractors, which …
The Financial Sector Conduct Authority (FSCA) has issued a public warning urging members of the public to exercise caution when engaging in financial services transactions with Binary Options Investment (BOI) and Ms Caroline Mthethwa. The FSCA has received information indicating that BOI and Ms Mthethwa are soliciting funds from members of the public for investment …
The Financial Sector Conduct Authority (FSCA) has issued a public warning urging members of the public to exercise caution when engaging in financial services transactions with Wextraders Capital (Wextraders) a company based in the United States of America or with individuals claiming to be associated with it. The FSCA has received reports that individuals operating …
The Financial Sector Conduct Authority (FSCA) has concluded its investigation into the alleged prohibited trading practices (commonly referred to as price manipulation) in the shares of Mantengu Mining Limited (Mantengu). The investigation focused on possible contraventions of Section 80 of the Financial Markets Act 19 of 2012 and no evidence was found to support the …
The Financial Sector Conduct Authority (FSCA) has taken administrative action against Donaldson Global Investments (Pty) Ltd (DGI) for failing to comply with certain provisions of the Financial Intelligence Centre Act, No. 38 of 2001 (FIC Act). The administrative action includes a financial penalty of R200 000, a directive to remediate the identified contraventions and a …
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with Ameritindexmarket. It has come to the attention of the FSCA that Ameritindexmarket is soliciting funds from members of the public for investment purposes through social media (Facebook and Instagram). Ameritindexmarket is promising unrealistic returns within 12 hours. …
The Financial Sector Conduct Authority (“FSCA”) warns the public against doing any financial services business with individuals using WhatsApp account “Stanlib WhatsApp Investment Group” and Mzwandile Ngcobo with WhatsApp account (069 162 7744), who falsely claims to be associated with Stanlib. Stanlib has confirmed to the FSCA that these WhatsApp accounts are not associated with …
The Financial Sector Conduct Authority (FSCA) warns the public against conducting any financial services business with an entity impersonating Atriafinancial SA (Pty) Ltd. The entity, operating under the names Freedom 27, Freedom 27 Trading LLC, and/or Mirabaud Group Ltd, is using Atriafinancial SA (Pty) Ltd’s company details on its website: https://freedom27.com. Atriafinancial SA (Pty) Ltd …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution regarding a company or individual using the name of Salvo Capital (Pty) Ltd, an authorised Financial Services Provider (FSP) with FSP number 8106, on Instagram and other social media platforms in relation to investments. The same entity has previously circulated content on other …
The FSCA received information from Automated Outsourcing Services (Pty) Ltd indicating that Smart Initial Trades is using social media to sell forex shares to investors, while unlawfully using the iTransact Investment Platform branding, a registered trademark of Automated Outsourcing Services (Pty) Ltd, without authorisation. Automated Outsourcing Services (Pty) Ltd further states that Smart Initial Trades …
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with persons on Telegram and Facebook purporting to be associated with financial services provider (FSP) Aluma Capital (Pty) Ltd (Aluma Capital) (FSP number 46449), and its representatives Mr. Leon Hart (Mr. Hart) and Ms. Leonie Nortje (Ms. Nortje). …
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with Mr. Lethabo Molefe (Molefe). It has come to the attention of the FSCA that Molefe is soliciting funds from members of the public for investment purposes, while promising unrealistic returns. Members are recruited through Telegram groups and …