Tag: financial sector conduct authority
FSCA slaps Tongaat Hulett with fine for accounting irregularities
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.
Abel Sithole appointed as CEO of South Africa’s PIC
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.
COVID-19: What the FSCA expects from financial institutions
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.
Tracking the latest trends in SA’s fintech space
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.
FSCA raids Sekunjalo offices
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.
MET Collective Investments to appeal R100m fine
MET Collective Investments plans to appeal the Financial Sector Conduct Authority's decision to fine it a R100 million.
Why the regulator has slapped MET Collective Investments with a record R100mn fine
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.
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