Latest News & Developments
An international syndicate has allegedly defrauded South African investors of hundreds of millions, operating under the guise of legitimate financial service providers, while the country's financial regulator remains slow to respond despite mounting evidence.
Banxso's legal battle leaves thousands of customers anxious about frozen funds as court dates approach. The outcome may reshape South Africa's online trading landscape.
Is the FSCA failing South African investors? Explore the shocking allegations of regulatory double standards as the authority remains silent on a multi-billion rand scam while swiftly acting against others.
Desiree Martin, a client of Banxso, has accused Pierre Du Toit of Mostert and Bosman of obstructing all efforts to recover funds from Banxso - claiming that while they risked losing money, Du Toit stood to benefit from the company's liquidation
The case has exposed what appears to be a concerning pattern of regulatory overreach on the part of the Financial Sector Conduct Authority.
Clients accuse Mostert and Bosman of failing to disclose a significant R57m settlement offer from Banxso, raising questions about transparency in the ongoing liquidation battle.
Banxso's R57 million settlement offer was rejected, raising serious questions about the motives behind its liquidation proceedings.
As Bafana Bafana prepares for crucial upcoming competitions, including the Africa Cup of Nations and World Cup qualifiers, the resolution of these proceedings carries significant implications for South African football's commercial partnerships.