FSB approves, declines, suspends financial advisers

31 July 2007 FSB

Financial Services Board (FSB) deputy executive officer for Market Conduct and Consumer Education, Gerry Anderson says that steady progress is continuing to be maintained in the finalisation of applications received from Financial Services Providers (FSPs) for authorisation.

To date the FSB has finalised 16 332 (previously 16 217) applications.

In total, 1 312 of these applications have been declined (previously 1 273 as revised).

The details of the additional 39 applications that have been declined are as follows:

1 6939 Barclays Private Clients International Limited Isle of Man, United Kingdom
2 9764 American Diversified Funds Inc. Florida, United States of America
3 9797 Insight Investment Management (CI) Limited Guernsey, United Kingdom
4 15692 AJ Buckley Asset Management Ltd Surrey, United Kingdom
5 23801 Ram Kangaloo & Associates CC Durban, Kwa Zulu Natal
6 24119 Maletabe Trading Enterprise and Brokers trading as Maletabe Brokers Emdo Park, Polokwane, Limpopo
7 24142 A J F Crest Administrative Services (Pty) Ltd Silverlakes, Pretoria, Gauteng
8 24879 Tobias Gerhardus de Buys Wiese trading as B & M Finansiele Dienste Piketberg, Western Cape
9 25080 Hendrik Pretorius Rautenbach trading as Hein Rautebach Consultancy Bethal, Mpumalanga
10 25358 Kgalas Agency CC Kuruman, Northern Cape
11 25525 Moloteng Funeral Services & Catering Services CC Mamelodi West, Pretoria, Gauteng
12 25932 Faiz Amanullah Versey Gaborone, Botswana
13 26127 IB Car Traders CC trading as Car World Port Elizabeth, Eastern Cape
14 26562 Meltim Finance CC Johannesburg, Gauteng
15 26981 Nompumelelo Maud Mabaso Clarendon, Kwa Zulu Natal
16 27130 4th Dimension Investment Consultants CC Overport, Kwa Zulu Natal
17 27748 RMM Finance (Pty) Ltd Johannesburg, Gauteng
18 28588 PSC Financial Services CC Wellington, Western Cape
19 28671 John Jason Celliers Varsfontein, Gauteng
20 28949 Marius Carlo Meijer Houghton, Gauteng
21 29250 Mr T Brokers CC Nelspruit, Mpumalanga
22 29704 Mag-Pela Funerals Mitchells Plain, Western Cape
23 29705 Marou Handelaars 5100 BK trading as Teemane Funeral Supplies Kimberley, Northern Cape
24 29788 MP Bloem Makelaars CC Eramuskloof, Pretoria, Gauteng
25 23525 Kerford (Pty) Ltd Sandton, Gauteng
26 23640 Pieter J Neethling Versekerings en Werknemers Voordele Makelaars (Edms) Bpk Pretoria Gardens, Pretoria, Gauteng
27 25215 Alasdair Craig Wealth Management CC Camps Bay, Western Cape
28 29395 Vinod Thupsi trading as KZN Broker Consultants Pietermaritzburg, Kwa Zulu Natal
29 29697 Maalot Asset Management (Pty) Ltd Sandton, Gauteng
30 29813 Maqhinga Johannes Zulu trading as Maqhinga Insurance Evander, Mpumalanga
31 31600 Mariska Maria Swanepoel trading Brackenfell, Western Cape
32 22658 Tanaka Capital (Pty) Ltd Sandton, Gauteng
33 23553 Hermanus Noemdoe Graafwater, Western Cape
34 24418 Ferazim Funeral Undertakers CC Alberton, Gauteng
35 27250 Neo Quintin Shale trading as Rainbow Bloemfontein, Free State
36 27683 All Nations Funeral Services CC Mabopane, Gauteng
37 28102 S.F Lekoko's Brokerage and Consultancy CC Mafikeng, North West
38 28228 Montagu Motors CC trading as Boland Montagu, Western Cape
39 29901 Duze Logistics International CC Jatniel, Gauteng
In addition, the following FSP licenses have been withdrawn bringing
the total number of withdrawals to 24 :
  15780 Spektrofin Administrators (Pty) Ltd Lynnwood, Pretoria, Gauteng
  29509 Karin Daleen Cecchi t/a Karin Cecchi Makelaars Rustenburg, North West Province
  911 Gertina Jacoba Claassen t/a Kosmos Konsultante & Versekerings Makelaars Morelettapark, Pretoria, Gauteng
  15806 Rosspen Financial Services cc Port Elizabeth, Eastern Cape
The following FSP licences have been provisionally suspended / suspended:
  23975 National Alliance of Preferred Provider Organisation Networks (Pty) Ltd t/a Nappo SA (provisionally suspended) Lyme Park, Gauteng
  14263 Tradergate Limited Hatfield, Pretoria, Gauteng
  10916 Honey Pot Investments 154 cc t/a Anesta Brokers Wellington, Western Cape
  3466 Condor Insurance (Pty) Ltd Richards Bay, Kwa Zulu Natal
  2378 Wendy Mortimer Investments cc Pietermaritzburg, Kwa Zulu Natal
Anderson adds, "FSP's whose applications had been unsuccessful, withdrawn or suspended are entitled to appeal to the FSB Appeal Board, an independent tribunal, if the applicant is dissatisfied with the Registrar's decision".
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