FSCA warns the public against Muzi Khumalo and Liezel Johnson

19 July 2018 FSCA Press Release

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Muzi Khumalo and or Liezel Johnson.

According to the information received, this individual purports to be a financial services provider. The FSCA confirms that he is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services.

The FSCA received information that Muzi Khumalo who uses the alias: Liezel and Liesl Johnson on Facebook, refers customers to the GT247.COM website as his own website. GT247 (Pty) Ltd, trading as GT247.COM, with company registration number 2017/190488/07, is a subsidiary and juristic representative of Purple Group Limited. Purple Group Limited has confirmed that neither they nor their affiliates have any relationship with Muzi Khumalo and or Liezel / Liesl Johnson and neither have they given them permission to use their name.

The FSCA again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSCA on either the toll free number (0800 110 443) or on the website as to whether or not such institution or person is authorised to render financial services.

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