FSCA

The Financial Sector Conduct Authority (FSCA) cautions the public to exercise vigilance when engaging in financial services transactions via Telegram with individuals purporting to represent FirstRand Limited (FirstRand) and its Chief Financial Officer, Mr Markos Davias (Mr Bavias). FirstRand, through its portfolio of integrated financial services businesses, offers a comprehensive range of transactional, lending, investment …

The Financial Sector Conduct Authority (FSCA) warns members of the public to exercise extreme caution when dealing with Mr. Nhlakanipho Sangweni (Mr. Sangweni), who is suspected of providing financial services without authorisation. The FSCA has received complaints indicating that Mr. Sangweni has been soliciting funds from members of the public by promising unrealistically high returns …

The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with a person on WhatsApp purporting to be associated with a financial services provider (FSP), Brenthurst Wealth Management (Pty) Ltd (Brenthurst Wealth) (FSP 7833), and its directors Messrs. Magnus Reinier Heystek (Heystek) and Brian Dean Butchart (Butchart). It …

The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with administrators of a Telegram purporting to be associated with Ms. Nicolette Mashile (Ms. Mashile), who is the founder of Financial Fitness Bunnies (Pty) Ltd. The FSCA has become aware of a Telegram group that is purporting to …

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) 1nvest Fund Managers (Pty) Ltd (1nvest Fund Managers) (FSP Number 49955), and its representative Ms Telita Koorsen (Ms Koorsen). The FSCA has been made …

The Financial Sector Conduct Authority (FSCA) warns the public to be cautious of a person impersonating Mr. Luzuko Nomjana of Prescient Investment Management (Pty) Ltd an authorised Financial Services Provider (FSP number 612) (Prescient). The Compliance Officer of Prescient (Ms. Nazley Herandien) confirmed that Prescient received communication from a complainant who has been scammed and …

The Financial Sector Conduct Authority (FSCA) in collaboration with the North-West University Business School’s Unit for Corruption and Integrity Studies (NWU) hosted the 4th annual South African Financial Crime Symposium, which took place on the 4th & 5th of March 2025. The annual event is aimed at strengthening the fight against financial crime and brings …

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with persons claiming to assist investors who lost funds invested with Banxso (Pty) Ltd (Banxso). The FSCA received complaints from members of the public who advised that they were contacted by persons claiming to be investigating Banxso and that they …

The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with Gold Earnings Hub and Africa Gold Capital (Gold Earnings and Africa Gold). The FSCA has learned that Gold Earnings and Africa Gold may be providing financial services to the public without authorisation. Gold Earnings and Africa Gold …

It has come to the attention of the FSCA that Mr Mulalo Rakhadani is selling fraudulent Regulatory Examination 5 (RE) Certificates on social media platforms. Mr. Rakhadani uses the Facebook platform to sell the fraudulent RE certificates and fraudulently uses the name and logo of the FSCA as part of his scam. The FSCA could …

The Financial Sector Conduct Authority (FSCA) has imposed an administrative penalty of R2 113 225 on Mr. Ashley Mmachewe Mphaka (Mphaka) and debarred him for a period of 20 years. The regulatory action followed an investigation by the FSCA in respect of Greyshore Investments (Pty) Ltd and Mphaka. The FSCA has handed its investigation report …

The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with persons on Telegram purporting to be Rand Swiss (Pty) Ltd and its director and Key Individual (KI), Mr Gary John Booysen (Mr Booysen). It was brought to the attention of the FSCA that certain individuals are using …

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when conducting financial services related business with individuals that are impersonating Cboe Global Markets based in Chicago, United States (Cboe US) and using authorised financial services provider (FSP) number 14315. The FSCA received complaints from members of the public, who invested with …