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FSB warns the public against Crowd Funding Ltd

16 May 2017FSB

The Financial Services Board (FSB) warns the public against conducting financial services business with Crowd Funding Ltd. Crowd Funding Ltd is not a registered Credit Rating Agency and is not an Authorised Financial Services Provider.

It has been brought to the Registrar of Credit Rating Agencies attention that Crowd Funding Ltd is advertising itself as a registered credit rating agency and it is contacting people with the aim of offering financial services.

The FSB reminds those who wish to conduct financial services with an institution or person to check beforehand with the FSB on either the toll free number (0800 110 443) or on the website www.fsb.co.za as to whether or not such institution or person is authorised to render financial services and which financial product it can offer.

Quick Polls

QUESTION

Health Minister Aaron Motsoaledi has said that the NHI will bring about change in the industry which will see medical schemes a slim picture of their former selves. Do you think this is the right approach to be taken?

ANSWER

No, medical schemes offer invaluable coverage in a market that is being ravaged by high costs.
Yes, universal healthcare will benefit the country in the long run.
Just wait, the minister will soon find out that a medical industry without medical schemes is no industry at all.
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