Tag: financial sector conduct authority
The Financial Sector Conduct Authority has slapped Tongaat Hulett with a R20 million fine. This is after an investigation found significant accounting irregularities. Joining CNBC Africa to give insight into the investigation is Brandon Topham, Divisional Executive for Enforcement at the Financial Sector Conduct Authority.
On Wednesday, South African Finance Minister Tito Mboweni announced the appointment of Abel Sithole as the Chief Executive Officer of the Public Investment Corporation (PIC) and Executive Director on the Board of Directors.
The financial sector conduct authority has called on all regulated companies to treat customers fairly during the COVID-19 lockdown and warned that profiting off the vulnerable will not be tolerated. Kedibone Dikokwe, Divisional Executive: Conduct of Business Supervision, Financial Sector Conduct Authority (FSCA) joins CNBC Africa for more.
The Intergovernmental Fintech Working Group conducted research that looked into South Africa’s Fintech sector and found that the payment segment is the largest and most mature of them, following international Fintech trends. Kagiso Mothibi, Head of Fintech Department at the Financial Sector Conduct Authority (FSCA) joins CNBC Africa for more.
The Financial Sector Conduct Authority (FSCA) conducted a search and seizure operation at the premises of Sekunjalo Investment Holdings. The FSCA says the operation was conducted as part of an investigation into allegations of prohibited trading practices in possible contravention of section 80 of the Financial Markets Act. Brandon Topham, Divisional Executive for Investigations and Enforcement joins CNBC Africa for more.
The Financial Sector Conduct Authority (FSCA) has handed down one of its largest fines to date, as they hit MET Collective Investments, a unit trust fund of listed company Momentum with a R100 million fine for contravening various sections of the financial sector laws. Joining CNBC Africa for more is Jurgen Boyd, Divisional Executive for Market Integrity Supervision at the FSCA.