Financial Services Board (FSB) deputy executive officer for Market Conduct and Consumer Education, Gerry Anderson says steady progress is being maintained in the finalisation of applications received from Financial Services Providers (FSP’s) for authorisation.
To date the FSB has finalised the processing of 16 812 (previously – 16 668) applications. In total,
1 379 of these applications have been declined (previously 1 363).
One application that was previously declined, has been reversed, namely: FSP 25674 – The Modern Portfolio Company (Pty) Ltd – Johannesburg, Gauteng
The details of the additional 17 applications that have now been declined are:
|
FSP NO. |
NAME |
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|
1 |
21745 |
Susana Maria Bouwer trading as Makgulong Begrafnis Dienste |
Bethelehem, Free State |
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|
2 |
28035 |
Hendrik Casper Viljoen trading as The Investment Shop |
Doornpoort, Pretoria-Gauteng |
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|
3 |
29203 |
Pieter de Bruin Makelaars CC |
Bethal, Mpumalang |
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|
4 |
29835 |
Rawsilk Investment CC trading as Motorstyle |
Overport, Kwa Zulu Natal |
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|
5 |
30810 |
Azanu Development Corporation (Pty) Ltd |
Silverton Park, Pretoria, Gauteng |
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|
6 |
29130 |
Sullivan's Auto Sales CC |
Old Oak, Western Cape |
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|
7 |
30193 |
Bethuel Rahkapole Lamola |
Rustenburg, North West |
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|
8 |
30883 |
Matlase Joseph Sekhadolelo trading as Matilo |
Seshego,Limpopo |
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|
9 |
31493 |
Broad Marketing Trading 14 (Pty) Ltd trading as Vision Insurance |
Durbanville, Western Cape |
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|
10 |
17000 |
Robert John Biesman Simons |
Claremont, Western Cape |
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|
11 |
18689 |
Hamilton Solutions Ltd |
Kempton Park, Gauteng |
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|
12 |
19315 |
Ian Fraser |
Kloof, Kwa Zulu Natal |
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|
13 |
20654 |
NCE Offshore Financial Solutions CC |
Centurion, Pretoria,Gauteng |
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|
14 |
20871 |
Mkhonza Funeral Services CC |
Soshanguve, Pretoria |
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|
15 |
28175 |
S Sew and Associates CC |
Phoenix, Kwa Zulu Natal |
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|
16 |
30254 |
Thomas Msawenkosi Ngcobo |
Umlazi, Kwa Zulu Natal |
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|
17 |
30508 |
Sound Finance CC |
Mtunzini, Kwa Zulu Natal |
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In addition, the following seven FSP licenses have been withdrawn, bringing the total number of withdrawals to 35
|
FSP NO. |
NAME |
||
21929 AST Africa Tading 386 CC , Rustenburg,North West
15743 Dawid Andries Swanepoel, Kimberley, Northern Cape
6623 Gorgab CC,Cresslawn,, Gauteng
18529 Pieter Rademan, Rustenburg,North West
14263 Tradergate Ltd, Hatfield Pretoria, Gauteng
17020 Victor Leswene Ratrebe, Diepkloof,Soweto, Gauteng
16913 ZD Associates, Randburg, Gauteng
Furthermore, the following FSP licence has been suspended:
|
FSP NO. |
NAME |
||
|
10850 |
Credit Insurance & Legal Consultants (Pty) Ltd |
Ferndale, Randburg, Gauteng |
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.
“The attention the public is once again drawn to the fact that neither Mr.Paul Rigden nor any of the entities used by Mr. Rigden for the solicitation of investments from clients, have been authorised as financial services providers. Potential investors are requested to exercise extreme caution in any dealings with Mr Rigden.”
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