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FSB deregisters Fitch as credit ratings agency

07 September 2015 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Registrar of Credit Rating Agencies announces the cancellation of registration of Fitch Southern Africa (Proprietary) Limited (“Fitch Southern Africa”) as a credit rating agency with effect from 4 September 2015. This follows a request by Fitch Southern Africa that their registration be cancelled.

Tracing the owners of unclaimed treasures

07 September 2015 | Financial Sector Conduct Authority (FSCA) (was FSB)

On 19 August, the Financial Services Board (FSB) released the figures that there are R20 billion in unclaimed benefits in the industry.

PFA orders fund to pay balance of members' benefits

01 September 2015 | PFA - Pension Fund Adjudicator

A provident fund which paid only half of benefits due because it had invested in companies that went broke has been ordered by the Pension Funds Adjudicator to pay the balance with interest.

FSB warns the public against Go Direct Stock Market Investments

25 August 2015 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Services Board (FSB) warns the public against conducting financial services business with Go Direct Stock Market Investments (GDSMI), Mr Mzoxolo Bezu and/or Mr Mbuso Mthethwa.

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