Update on Licenses for Financial Services Providers

Financial Services Board (FSB) Deputy Executive Officer for Market Conduct and Consumer Education, Gerry Anderson says the FSB has finalised the processing of 19 178 (previously 19075) applications for authorisation as financial services providers to date. In total, 1726 of these applications have been declined (previously 1711).

The following applications previously reported as declined, have now been reversed:

1	FSP. 22790	MAGAGAMALE MOSES SEDIBANE t/a MOSES BROKERAGE	Germiston, Johannesburg, Gauteng
2	FSP. 22987	VENABLES DAN VANDA t/a DAN VANDA BROKERS	King William’s Town, Eastern Cape
3	FSP. 23136	AMAMPEMBE BROKERS CC	Stanger, Kwa-Zulu Natal
4	FSP. 36608	CRYSTAL SPARKLE TRADING 57 CC t/a DUMA FINANCIAL SERVICE	Butterworth, Eastern Cape

The details of the additional 19 applications that have now been declined are as follows:

	FSP NO.	NAME
1	36138	RAHA FINANCIAL SERVICE CC	Bloemfontein, Free State
2	38103	KELL BROWN AND STEVENS (PTY) LTD	Parktown, Johannesburg, Gauteng
3	38256	YALONA INSURANCE BROKERS (PTY) LTD	Vosloorus, Gauteng
4	38275	PHILISIWE CIVIL AND CONSTRUCTION SERVICES CC t/a PP BROKERS	Durban, Kwa-Zulu Natal
5	38350	APEX UNDERWRITTING MANAGEMENT PTY LTD t/a APEX MOTORCYCLE INSURANCE	Lyttleton, Centurion, Gauteng
6	38353	NEWARK TRADING 644 CC	Durban, Kwa-Zulu Natal
7	38369	MARNEX ENGINEERING CC t/a MARNEX ADMINISTRATORS	Klerksdorp, North West Province
8	38411	BLUE PRINT FINANCIAL SERVICES CC	Boksburg, Johannesburg, Gauteng
9	38785	CLINTON CASS t/a ECCL FINANCIAL CONSULTANTS	Noordheuwel, Krugersdorp, Gauteng
10	38788	KASIMIRA TRADING 53 (PTY) LTD	Randburg, Johannesburg, Gauteng
11	38797	UNIQUE STANDING INVESTMENTS 108 (PTY) LTD	Pretoria, Gauteng
12	38857	KGOLERE TRANSPORT AND PROJECTS CC t/a KGOLERE	Daveyton, Gauteng
13	38887	CAUSSA MANAGEMENT SOLUTIONS (PTY) LTD	Potchefstroom, North West Province
14	38929	TWOANATE INVESTMENTS CC t/a PENTAGON FINANCIAL SERVICES	Wynberg, Western Cape
15	39014	RIKAKA TRADING ENTERPRISE CC	Malamulele, Limpopo Province
16	39113	ZDN FUNERAL PARLOUR CC	Ixopo, Kwa-Zulu Natal
17	39130	RAMUTSHELI INVESTMENTS HOLDING (PTY) LTD	Benoni, Johannesburg, Gauteng
18	39197	MHLOBO FINANCIAL SERVICES CC	Parkgate, Kwa-Zulu Natal
19	39546	MINTO INVESTMENTS CC	Berlin, Eastern Cape

“Some of the reasons why applications are declined is that there is insufficient or incorrect information on the application forms, no proof of payment of the application fee or not meeting the fit and proper requirements”.

The authorisations of the following 3 FSPs have been suspended during the reporting period:

	FSP NO.	NAME
1	9304	DALYS HEWLETT AND ASSOCIATES (PTY) LTD	Sandton, Johannesburg, Gauteng
2	25422	9 TWENTYFOUR FINANCIAL SERVICES (PTY) LTD	Centurion, Gauteng
3	25529	MONTSHIWAGAE AND LEPHOLLETSE FUNERAL UNDERTAKER CC t/a BATHOPELE FUNERAL PARLOUR	North West Province

The authorisations of the following 65 FSPs have been withdrawn during the reporting period:

	FSP NO.	NAME
1	2245	SIPHIWO ETHWELL POTGIETER MFEKETO t/a CHAMPIONS INSURANCE BROKERS SERVICES	Port St. Johns, Eastern Cape
2	3168	HIGH POINT TRADING 210 CC t/a BUSINESS AND FINANCIAL SOLUTIONS	Sandton, Johannesburg, Gauteng
3	3212	JOHANNES PHOLISA MAHLANGU t/a PHOLISA INSURANCE BROKERS	Kwamhlanga, Bronkhorstspruit, Gauteng
4	3230	NILESH NARANDAS INSURANCE BROKERS CC t/a ADVISORY SERVICES	Durban, Kwa-Zulu Natal
5	3253	ANTHONY AUGUSTINE ABRAHAMS	Plumstead, Western Cape
6	3402	LEGION INSURANCE BROKERS (PTY) LTD	Roodepoort, Johannesburg, Gauteng
7	3517	NORMAN ROBERT JORDAAN t/a PRO-MED MARKETING	Queenstown, Eastern Cape
8	4343	EON BROKERS & FINANCIAL SERVICES CC	Blue Downs, Eersterivier, Western Cape
9	4438	BETHANY LUCAS LETHOBA	Sebokeng, Gauteng
10	5078	MORGAN ROODT BROKERS	Heidelberg, Gauteng
11	5157	OWEN HENRY SMITH t/a OWEN SMITH AND ASSOCIATES	Thornhill, Humansdorp, Eastern Cape
12	5922	SHAHIL BISNATH t/a GOLDEN AGE FINANCIAL SERVICES	Newlands West, Marble Ray, Kwa-Zulu Natal
13	6110	UGQOKO BUSINESS ENTERPRISE CC t/a UGQOKO FINANCIAL SERVICES	Bluff, Durban, Kwa-Zulu Natal
14	9236	CAPSTAN TRADING 432 CC t/a BATLOKWA FUNERAL HOME	Rustenburg, North West Province
15	13888	ULTRACARE MEDICAL CC	Rynfield, Benoni, Johannesburg, Gauteng
16	14591	ANTOINETTE MISCHELE SMITH t/a PROFESSIONAL TOUCH INSURANCE CONSULTANTS	Alan Manor, Johannesburg, Gauteng
17	15008	A & S KING MAKELAARS (PTY) LTD t/a KING FINANCIAL SERVICES	Wellington, Western Cape
18	15115	PIETER DANIEL ROODE JANSEN VAN RENSBURG t/a VAN RENSBURG MAKELAARS	Belville, Western Cape
19	16422	RISKLAB (PTY) LTD	Hydepark, Johannesburg, Gauteng
20	16634	LULAMILE RICHMOND ZONDO	Eskhawini, Kwa-Zulu Natal
21	17038	DENZIL MICHAEL HESLOP t/a DENZIL HESLOP & ASSOCIATES	Kuilsrivier, Western Cape
22	17625	CHRISTO JAN NAUDE t/a CHREMA BROKERS	Kraaifontein, Western Cape
23	19312	FIRST ATLANTIC SECURITIES (PTY) LTD	Cape Town, Western Cape
24	19646	Z AND J CONSULTANTS CC	Roshnee, Vereeniging, Gauteng
25	21316	FAZA SAMMUEL MARINGA	Giyani, Limpopo Province
26	21680	CORNELIUS JOHANNES VERMEULEN t/a VERMEULEN MAKELAARS	Durbanville, Western Cape
27	21761	ADRIANUS HENDRIKUS RICHTER	Nylstroom, (Modimolle), Limpopo Province
28	22391	FANISI PATRICK NDLELA	Umlazi, Kwa-Zulu Natal
29	22490	ERIC FIKILE MBOYI	Margate, Durban, Kwa-Zulu Natal
30	23186	PIETER WILLEM PRINSLOO t/a PWP FINANCIAL SERVICES	Durbanville, Western Cape
31	23214	BROOKFIELD INVESTMENTS 189 (PTY) LTD	Pretoria, Gauteng
32	24354	ELEONORAH BONGIWE MCHUNU	Durban, Kwa-Zulu Natal
33	24691	ELITE MOBILE TECHNOLOGIES (PTY) LTD t/a VELOCITI	Morningside, Durban, Kwa-Zulu Natal
34	24720	CHARLENE KRUIS INSURANCE BROKERS CC	South Crest, Alberton, Johannesburg, Gauteng
35	24830	SIPHIWO ERIC NONGWADLA	Krugersdorp, Gauteng
36	25009	WENDY MOLLENTZE BROKERS CC	Pretoria North, Pretoria, Gauteng
37	25252	MOKOMOTWANE LUCAS MAKOU t/a LUKA MAKOU BROKERS	Pretoria North, Pretoria, Gauteng
38	25277	KHELEMETHE ANDREW MOHAPI t/a A MOHAPI MANAGEMENT SERVICES	Sebokeng, Gauteng
39	25295	BEST BOND PROPERTY FINANCE CC	Sunnyside, Free State
40	25301	TIRISANO CELLULAR INSURANCE CC	Bedfordview, Johannesburg, Gauteng
41	25305	LETLALE TRADING AND PROJECTS CC	Duduza, Gauteng
42	25410	DOTCOM TRADING 435 (PTY) LTD t/a TK FINANCIAL SOLUTIONS	Vereeniging, Gauteng
43	25502	ANWAR BOOLEY t/a COESSA FINANCIAL SOLUTIONS	Cape Town, Western Cape
44	25542	CREDIT QUOTIENT (PTY) LTD	Linden, Johannesburg, Gauteng
45	25569	MALEVU INVESTMENTS CC	Durban, Kwa-Zulu Natal
46	26323	MOTSAMAI DOCTOR SETAE	Rustenburg, North West Province
47	29417	MONNAKGOTLA FUNERAL AND INSURANCE BROKERS CC	Krugersdorp, Gauteng
48	29542	NUNGU TRADING 590 (PTY) LTD t/a BLUE DOT FINANCIAL SERVICES	Centurion, Gauteng
49	29761	EDWARD RAMUSHWEU t/a NDI CONSULTING	Sandton, Johannesburg, Gauteng
50	29992	CYNTHIA NOKUTHULA ZWANE t/a NTSHOSHOS INSURANCE BROKERS	PO Umlazi, Kwa-Zulu Natal
51	30355	ZAWUZA INVESTMENTS CC	New Redruth, Alberton, Johannesburg, Gauteng
52	30690	MAZWOXOLO CEZA t/a MAZWI BROKERAGE	Queenstown, Eastern Cape
53	30849	JACO GROENEWALD t/a HOEVELD BROKERS	Krugersdorp, Gauteng
54	30859	MARTHINUS HENDRIK JOHAN LOMBARD	Johannesburg, Gauteng
55	31081	JOHANNES CHRISTIAAN VENTER t/a CHRIS VENTER	Benoni, Johannesburg, Gauteng
56	31776	MARIRI TRADING 57 CC t/a RIMACORE INSURANCE BROKERS	Centurion, Gauteng
57	31854	SUJAY RAJBALLY t/a P & S INSURANCE BROKERS	Harding, Kwa-Zulu Natal
58	32079	NKOSINATHI WISEMAN NGWENYA t/a VEMVANE ENTERPRISE	Durban, Kwa-Zulu Natal
59	32351	STRATEGY THREESIXTY (PTY) LTD	Cape Town, Western Cape
60	32620	FUMANI CONSTRUCTION AND GENERAL ENTERPRISE CC t/a FUMANI FINANCIAL SERVICES	Silverton, Pretoria, Gauteng
61	32812	NTSIKELELO GOODENOUGH KOTO t/a KOTO INSURANCE BROKERS	Sundumbili, Kwa-Zulu Natal
62	32816	CIRCLEPOINT CONSULTING (PTY) LTD	Alberton, Johannesburg, Gauteng
63	32817	MORTGAGE ASSURANCE BROKERS CC	Alberton, Johannesburg, Gauteng
64	36814	KINGVEST 23 (PTY) LYD	Wellington, Western Cape
65	37326	PHOENIX AURORA RISK SOLUTIONS (PTY) LTD	Deneysville, Free State

The following 4 applications previously reported as withdrawn, have now been reinstated:

	FSP NO.	NAME
1	22790	MAGAGAMALE MOSES SEDIBANE t/a MOSES BROKERAGE	Germiston, Johannesburg, Gauteng
2	22987	VENABLES DAN VANDA t/a DAN VANDA BROKERS	King William’s Town, Eastern Cape
3	23136	AMAMPEMBE BROKERS CC	Stanger, Kwa-Zulu Natal
4	24093	XOLISWA MEMANI	Port Shepstone, Kwa-Zulu Natal

The authorisation of the following financial services provider has been provisionally suspended:

	FSP NO.	NAME
1	2736	NEW ERA LIFE INSURANCE COMPANY LTD	Sandhurst, Johannesburg, Gauteng

The authorisation of the following financial services provider previously reported as suspended, has been lifted:

	FSP NO.	NAME
1	14209	AJG BROKERS CC	Sasolburg, Free State

“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”.