FSB : Fais licence update

05 September 2007 FSB

Update on Licenses for Financial Services Providers

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 16 493 (previously 16 332) applications.

In total, 1 341 of these applications have been declined (previously 1 312). 

Two applications previously reported as declined have been reversed.  The details are:

FSP. 22553 Petrus Lafrus Uys Badenhorst Noordhoek, Western Cape
FSP. 28233 Tiger Wheel & Tyre (Pty) Ltd Midrand, Gauteng

The details of the additional 31 applications that have now been declined are as follows:


1 2860 Afrisure CC   Nelspruit, Mpumalanga
2 8700 J & H Broking Services CC   Bothasig, Western Cape
3 16829 My Life My Property CC   Boksburg, Gauteng
4 25237 Wedding Safe (Pty) Ltd   Waterkloof Glen, Pretoria, Gauteng
5 26646 Skukuza Finance (Pty) Ltd   Lynnwood, Pretoria, Gauteng
6 28061 Bafanyana Gastav Mhlongo   Durban, Kwa Zulu Natal
7 28139 Mosetsa Bangwe Funeral and Memorial Services CC   Phalaborwa, Limpopo
8 29698 PJ Phambili Projects CC trading as Phambili Funeral Home   Bethal, Mpumalanga
9 14898 Jonker and Partners   Lichtenburg, North West Province
10 21597 Tokologo Financial and Business Support CC   Heuweloord, Pretoria, Gauteng
11 22909 Sunrise Insurance Brokers CC trading as Vuyolwethu Funeral Services   Umtata, Eastern Cape
12 23848 Konyana Funeral Directors CC   Sebokeng, Gauteng
13 24792 Ndabebandla Trading CC trading as Ncanda Funeral Home   Durban, Kwa Zulu Natal
14 25531 Hendrik Johannes Rossouw BK trading Hannes Rossouw Brokers CC   Frankfort, Free State
15 25970 Lightwarrior Investment Brokers and Consultants CC   Alberton, Gauteng
16 26203 Makalela Funeral Services and Coffin Manufacturers CC   Mahwelereng, Limpopo
17 26209 Trakman Motor Corporation CC trading as TMC Auto   Randburg, Gauteng
18 26642 Baile John Radebe trading as Pungani Financial Services   Sharpeville, Gauteng
19 26750 Propx (Pty) Ltd   Kyalami, Gauteng
20 26937 Phangeni Funeral Services CC   Polokwane, Limpopo
21 28004 Bashville Properties 3 (Pty) Ltd trading as Albert De Dion Motors   Milnerton, Western Cape
22 28326 LAC Distributors CC trading as Batho Pele Finance Corp   Tongaat, Kwa Zulu Natal
23 28624 Indlovu Classic Funeral Services CC   Izingolweni, Kwa Zulu Natal
24 29174 Skades General Trading CC trading as Dimension Financial Solutions   Hillbrow, Gauteng
25 30142 Moholo Investments (Pty) Ltd   Meyersdal, Gauteng
26 31597 Nico Odendaal BK trading as Avance Makelaars   Bethlehem, Free State
27 20170 SAP Funeral Services CC   Randfontein, Gauteng
28 23290 Gondo Medical Science (Pty) Ltd   Highveld, Pretoria, Gauteng
29 23675 Isipingo Funeral Services CC   Isipingo Rail, Kwa Zulu Natal
30 26761 Uku-Khanya Administrators (Pty) Ltd   Waterkloof, Pretoria, Gauteng
31 30608 Quick Co 135 (Pty) Ltd trading as Legal Power Africa   Wynberg, Western Cape
- 13789 Daan Schoeman Financial Planning Solutions (Pty) Ltd (only in respect of Category II)   Polokwane, Limpopo
In addition, the following FSP licenses have been withdrawn
bringing the total number of withdrawals to 27 :
  18949 Erna Valencia Steenkamp   Robindale, Gauteng
  17603 TTA Financial Services cc   Asherville, Kwa Zulu Natal
  11600 Three Diamonds Trading 35 (Pty) Ltd   Durban North, Kwa Zulu Natal
The following FSP licences have been suspended:
  12839 Baker Ridge Consultants cc   Kenilworth, Western Cape
  18562 Corpgen (Pty) Ltd   Ferndale, Gauteng
  18840 Isaac Mojalefa Nkhahle   Mafikeng, North West Province
  24347 Jebus Administration cc   East London, Eastern Cape
  17367 Pro Acta Inzuzo cc   Newcastle, 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 decision taken by the Registrar".
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