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For those who have been following the Fidentia saga closely, the Western Cape High Court’s verdict vis-à-vis J Arthur Brown – guilty on only two counts of fraud – may seem oddly anti-climactic, given that he was originally arrested on 197 counts. By negot
The Financial Services Board (FSB) has noted with satisfaction the conviction of J Arthur Brown on two counts of fraud, amounting to hundreds of millions of rand. This brings to an end a matter that has taken a number of years to conclude.
Stricter regulation of South Africa’s financial services industry alone will not restore confidence in the industry if it does not also ensure a sustainable environment conducive to doing business for the very industry that is being regulated.
The strongest deterrent against FSP compliance missteps is or should be: