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Update on Licenses for Financial Services Providers

28 May 2010 FSB

Financial Services Board (FSB) Deputy Executive Officer for Market Conduct and Consumer Education, Gerry Anderson stated that the FSB has finalised the processing of 19 905 (Previously 19 839) applications for authorisation as financial services providers to date. In total, 1 845 of these applications have been declined (previously 1 830).

The following 2 applications previously reported as declined, have now been reinstated:

FSP No.

Name

36573

WSD Financial Advisory Services SA (Pty) Ltd t/a WSD

Johannesburg

Gauteng

39874

Musa KA Methula Brokers cc

Springs

Gauteng


The details of the additional 17 applications that have now been declined are as follows:

FSP No.

Name

1

34270

The Roost & Off Road Specialist cc

Springs

Gauteng

2

38729

Protea Funeral Services cc

Phoenix

KwaZulu-Natal

3

39202

Kenalemodisa Funerals t/a Tsitsi Funerals

Ledig

North West

4

39909

Reikaeletse Funeral and Insurance Services cc

Warrenton

Northern Cape

5

40404

ASAP Messengers cc t/a ASAP Risk Services

Port Elizabeth

Eastern Cape

6

40465

Elizabeth Louisa Oberholster t/a Louise Oberholster Financial Services

Upington

Northern Cape

7

40611

Mzwakazi General Dealer cc t/a Burial Solutions

Johannesburg

Gauteng

8

40728

Platinum Arch Investments 74 (Pty) Ltd

Bellville

Cape Town

9

40999

Steven David Meltzer t/a Insurance Consulting Associates

Johannesburg

10

41054

Blue Dot Funeral Home cc

Itsoseng

Mabopane

11

41160

EL AL Funeral Services cc

Hermanus

Western Cape

12

41163

Lydia Nel t/a Kheto-EA-KA Funerals

Warrenton

Northern Cape

13

41193

Springs Forest Trading 615 cc t/a Khatija Asmall Brokers

Westville

KwaZulu-Natal

14

41303

Quanta Capital Management cc

Sandton

Gauteng

15

41308

Jabulani Justin Ntombela t/a JMI Brokers

Cato Manor

Durban

16

41415

La-Tinash General Suppliers cc t/a Impilo Health Service

Mthatha

Eastern Cape

17

41419

J5 Insurance Consultants cc

Roodeplaat Dam

Pretoria

The authorisation of the following 6 FSPs have been suspended during the reporting period:

FSP No.

Name

1

8199

Ashraf Alli Abdul Wajar t/a Ashraf Wajar Insurance Brokers

Pretoria

Gauteng

2

8683

Maeteko Funeral Services cc

Giyani East

Limpopo

3

18866

Zalani Investment cc

Northcliff

Johannesburg

4

22048

Cornelius Willem Kleynhans t/a Phoenix Makelaars

Hatfield

Pretoria

5

27322

Hemisphere Risk Solutions (Pty) Ltd

Benoni

Gauteng

6

35980

Stips Marketing (Pty) Ltd t/a Dynamic Direct Marketing

Midrand

The authorisation of the following 28 FSPs previously reported as suspended, have now been lifted:

FSP No.

Name

1

3513

Alchemy Insurance Management (Pty) Ltd

Randhart

Alberton

2

3847

SANMAF (Suid Afrikaanse Nasionale Makelaars Firma) t/a SANMAF

Upington

Northern Cape

3

5021

Johan Van Den Heever Makelaars BK

Riebeeckstad

Free State

4

6096

Madimetja Rufus Ramotebele

Benoni

5

8212

Ulrich William Jonker t/a Supreem Versekeringsmakelaars

Upington

6

8985

Daniel Jacobus Thiart t/a Danie Thiart Makelaars

Malmesbury

Western Cape

7

12764

Theo Fourie t/a Theo Fourie

Goodwood

Western Cape

8

14456

Norath t/a CSH Financial Advisors & Brokers

Durban

KwaZulu-Natal

9

16297

Theunis Jacobus Van Heerden Lochner t/a Lochner and Associates

Halfway House

Midrand

10

16365

Prime Fund Managers cc

Polokwane

Limpopo

11

17719

Lehlohonolo Elias Motaung t/a Lehlohonolo Brokers

Roodepoort

Gauteng

12

18984

Jacobus Koopman t/a Sukses Makelaars

Worcester

Western Cape

13

19542

Meritorious Solutions cc

Middelburg

Mpumalanga

14

21884

Lesejana David Mekgoe

Atteridgeville

Gauteng

15

22171

Nthe Ishmael Marumo t/a Tswelopele Consultants

PHUTHADITJHABA

Free State

16

24680

Mcubed Asset Solutions (Proprietary) Limited

Bedfordview

Gauteng

17

25291

Beehive Call Centre cc t/a Beehive

Johannesburg

Gauteng

18

26422

Rocks Funeral Services cc

Dewetsdorp

Free State

19

27393

Khuselwa Olga Malamlela t/a Kom Financial Services

Libode

Eastern Cape

20

27728

Impilo Facility Management (Pty) Ltd

Houghton

Johannesburg

21

27828

Berend Neervoort t/a PFC Brokers

Benoni

Gauteng

22

31134

Ugqoko Trading cc t/a Ugqoko Financial Brokers

Umlazi

23

31428

Carmen Linette Visagie t/a Carmen Visagie Brokers

Port Elizabeth

24

31748

Machupe Brokers cc

Rosslyn

Akasia

25

33985

Mkhuseli Luthuli t/a Luthuli & Sons Financial Providers

Khayalitsha

26

34238

D & J Risk Specialists cc

Morningside Manor

Sandton

27

35090

Assah cc t/a Pipas Marketing Consultants

Braamfontein

Johannesburg

28

35139

Advent Funeral Suppliers cc

Mdantsane

Eastern Cape

The authorisations of the following 6 FSPs have been withdrawn during the reporting period:

FSP No.

Name

1

10062

Robert Gooderson t/a Rob Gooderson Insurance Consultants

Fourways

Sandton

2

12643

FCS Koekemoer & F Holtzhausen t/a 4D Wealth

Erasmusrand

Pretoria

3

13258

Solomon Marais Zietsman

Hekpoort

North West

4

22888

Anthus Services 40 (Pty) Ltd t/a MD Financial Services

Randburg

Gauteng

5

32508

Hermanus Johannes Lotz t/a Herman Lotz Brokers

Riversdale

Western Cape

6

38060

Magajana Financial Services cc

Pretoria

Gauteng

The authorisations of the following 7 FSPs previously reported as having been withdrawn have been reinstated:

FSP No.

Name

1

5627

Ntoba Philemon Moatshe t/a N P M Insurance Brokers

Florida

Roodepoort

2

20859

Selwyn Talberg t/a Talberg & Associates

Wynberg

Cape Town

3

20859

Selwyn Talberg t/a Talberg & Associates

Wynberg

Cape Town

4

21944

Bayport Financial Services (Pty) Ltd

Rivonia

Sandton

5

22619

Theresa Madelene Elaine Coutts t/a Lumeyr Brokers

Hartswater

Northern Cape

6

30871

Jabulani Douglas Khanyasa t/a Khanyasa Insurance Brokers

Amanzimtoti

KwaZulu-Natal

7

32689

Time Horizon Life Marketing Services (Pty) Ltd

Cape Town

Western Cape


The authorisation of the following FSP has been provisionally withdrawn :

FSP No.

Name

1

40630

Von Axel (SA) Insurance Brokers cc

Boksburg

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”.

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