Compliance - Regulatory / Financial Sector Conduct Authority (FSCA) (was FSB)

Government needs to be proactive in creating an enabling environment for Fintech Innovation in South Africa

The ability to create value out of new products and services lies at the heart of the burgeoning fintech sector. In South Africa, we face significant challenges and barriers to introduce fintech solutions.

FSCA warns the public against an individual purporting to be associated with Stanlib

The Financial Sector Conduct Authority (FSCA) would like to warn the public not to deal with an individual operating on WhatsApp purporting to be Mr Keillen Ndlovu . Mr. Ndlovu is the Head of Listing Property, Stanlib, which is an authorised Financial Services Provider (FSP No. 590).

FSCA warns the public against fraudulent online activity

FSCA announces enforcement actions against Leon Goosen Verskeringsmakelaars CC

The Financial Sector Conduct Authority (FSCA) has taken several enforcement actions against Leon Goosen Verskeringsmakelaars CC (LGV), including withdrawing the licence of LGV. The FSCA has also imposed an administrative penalty of R1.2 million on Dian Goosen, R20 000 on Leon Goosen and debarred Leon Goosen for 10 years.