Update on Licenses for Financial Services Providers

17 April 2007 Financial Services Boardf

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 15 630 (previously 15 459) applications.

In total, 1 090 of these applications have been declined (previously 1 050).  One application that had previously been declined, has been reversed.  This is:

FSP 19315 Ian Fraser (Durban, Kwa Zulu Natal)

The details of the 40 applications representing these declines are as follows:

1.  3642  County Capital (Pty) Ltd trading as Insurance Online  Durban, Kwa-Zulu-Natal
2.  18971  Jacoba Johanna du Toit,  Worcester, Western Cape
3. 20680  Khan & Khan Insurance Consultants CC, Isipingo Hills, Kwa-Zulu-Natal
4. 23587  Andrew Ruben Laastele trading as Sunset Funeral Parlour  Christiana, 2660 (053)
5. 24242  Pauline Funeral Services CC, Kestel, Free State

6. 28634 NNM Contracting and Trading CC trading as NNM Investments,  Durban, Kwa-Zulu-Natal
7. 8922  Cristata (Pty) Ltd trading as BB Motors Tzaneen, Tzaneen, Mpumalanga
8. 9576  Gauteng Legal Services CC, Roodepoort, Gauteng

9, 10392  Africa Unlisted Shares Market Limited, Cape Town, Western Cape
10. 10438  Gary Anton Gibbons, Faerie Glen, Pretoria
11. 13211  ADH Investments Cars CC, Boksburg, Gauteng
12.  13376  T L C Community Development Funeral CC, Randfontein, Gauteng
13.  13891  Frank Giraudeau Brokers (Pty) Ltd Ltd trading as Spectrum Brokers, Port Elizabeth, Eastern Cape
14.  17551  Flanders Burial Scheme trading as Flanders for Funerals CC, Athlone, Western Cape
15.  18411  Charles Bernard Lawrence, Durban, Kwa-Zulu-Natal
16.  19314  The Fountain Group, Tsakane, Mpumalanga
17.  19863  Siniko Nogwanya trading as St.Faith Brokers, Lamontville, Kwa-Zulu-Natal
18. 20962  The Aviation Brokerage CC, Bryanston, Gauteng
19. 21253  Gerard Louis Le Roux, Pretoria
20. 21704  Dax's Funeral Home CC, Licthenburg, (018)
21.  22254  National Pride 175 (Pty) Ltd trading National Pride Fund Administrators, Bellville, Western Cape
22.  22378  Mr Price Group Limited trading as Mr Price/Mr Price Home/Sheet Street/Miladys, Durban, Kwa-Zulu-Natal
23. 22475  Barend Nicolaas Jansen trading as Complete Business Solution, Bloemfontein, Free State
24.  22553  Petrus Lafrus Uys Badenhorst trading as Piet Badenhorst, Noordhoek, Western Cape
25.  22766  SPHT Marketing Agency CC, Rustenburg, North Cape
26. 23505  Jacques Buys trading as Rhokem Motors, Kempton Park. Gauteng
27. 23536  Lembetsi Business Enterprise CC, Phalaborwa, (015)
28.  23539  Labuschagne Makelaars Trust, Hillsboro, Free State
29. 23647  Teftreat CC, Montana, Pretoria
30.  24124  Martin's Direct Funeral CC trading Martin's Funerals, Randfontein, Gauteng
31. 24178  Powerhouse Utilities (Pty) Ltd, Randburg, Gauteng
32.  24535  Taquanta Treasury Solutions (Pty) Limited, Killarney, Gauteng
33.  24713  Peter William Carroll trading as Peter Carroll Brokers, Licthenburg, (018)
34. 25514  Nombi Carolina Mashaba trading as Mashaba Intermediary, Johannesburg, Gauteng
35. 25684  Tannith Gardner trading as Tannith Gardner Insurance, Johannesburg, Gauteng
36. 26011  Elizabeth Lauretha Mohle trading as Lauret Mohle Insurance Broker, Piet Retief, (017)
37.  26064  Van Den Berg Finansiele Dienste BK, Carltonville, (018)
38.  26218  A.W. Minerva CC, Kempton Park. Gauteng
39.  26425  Krishan Gopal Moodliar, Durban, Kwa-Zulu-Natal
40. 26472  Business Venture Investments 231 (Pty) Ltd trading as Management Outsourcing, Johannesburg, Gauteng

The FSP license (18591) issued to Hyperception Properties 319cc trading as Prime Investments (George, Western Cape) has been withdrawn.

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".

Quick Polls


The shocking crime and motor vehicle accident statistics shared during a recent SHA presentation suggests that group personal accident and personal accident cover are a no-brainer. Do you agree?


Not sure
fanews magazine
FAnews April 2024 Get the latest issue of FAnews

This month's headlines

FAIS Ombud lashes broker for multiple compliance blunders
TCF… a regulatory misfit initiative?
The impact of NHI on medical malpractice insurance
Fixed versus variable: can you have your cake and eat it too?
The future world of work
Subscribe now