Latest News & Developments
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Philippines Scam Hub Targeting South Africans Exposed Whilst Local Regulator Remains Selectively Silent
South Africans are falling victim to sophisticated international scams, including a recently exposed call centre in the Philippines. As the Financial Sector Conduct Authority remains silent, troubling inconsistencies in regulatory enforcement come to light.
Understanding the Conduct of Financial Institutions Bill: A new era for financial regulation
The long-awaited Conduct of Financial Institutions Bill is poised to revolutionise financial regulation in South Africa
The Scapegoating of Banxso: How Regulatory Overreach Missed the Bigger Picture
Is Banxso being unfairly targeted by South African regulators while a network of deceptive marketers operates unchecked?
Is your investment safe? FSCA warns against deepfake trading scams on WhatsApp
The FSCA warns South Africans about a deceptive deepfake video on WhatsApp, urging the public to stay vigilant against fraudulent AI trading schemes
WATCH LIVE | Banxso Liquidation Case Continues in Western Cape High Court
Live coverage of the Banxso liquidation case unfolds in the Western Cape High Court, as investor Carol Margret Wentzel challenges the trading platform's practices amid allegations of fraud.
WATCH LIVE | Banxso battle heads to Western Cape High Court
The Wentzel v Banxso liquidation case continues at the Western Cape High Court. Don't miss our live coverage.
Regulatory Blindspot: South Africa's Financial Watchdog Silent on Multi-Billion Rand Scam
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 Legal Battle Drags On: Applicants Face Mounting Pressure Amid Court Delays and Regulatory Questions
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.
Consumer dissatisfaction with financial service providers revealed in FSCA report
The FSCA's 2025 Complaints Management Industry Review Report reveals significant consumer dissatisfaction with complaint handling processes among financial service providers, with 67% of respondents expressing discontent. The report highlights the need for improved communication and transparency in complaint resolution
FSCA confident South Africa will exit FATF greylist this year
FSCA officials express optimism about South Africa's potential removal from the FATF grey list, highlighting significant reforms in anti-money laundering and counter-terrorism financing frameworks.
FSCA's review reveals critical gaps in banks' complaints handling processes
The Financial Sector Conduct Authority's latest review exposes significant shortcomings in South African banks' complaint management systems, highlighting issues in categorisation, record-keeping, and customer communication. The report emphasises the need for urgent improvements to protect consumer interests
FSCA Under Fire: Regulatory Double Standards Exposed in Multi-Billion Rand Scam Case
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.
Banxso client accuses attorneys Mostert and Bosman of ulterior motives
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
Regulatory Battle Intensifies: FSCA Accused of Misusing Legal Powers in High-Stakes Liquidation Case
The case has exposed what appears to be a concerning pattern of regulatory overreach on the part of the Financial Sector Conduct Authority.
Legal Storm Brews: Mostert and Bosman Accused of Withholding R57m Banxso Settlement from Clients
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.
Banking sector comes under Parliamentary scrutiny over transparency
The Financial Sector Conduct Authority is set to release a critical report highlighting concerns over banking fees transparency and customer ethics in South Africa. The announcement comes amid parliamentary scrutiny of major banks regarding transformation and account closure practices.
New Year, New Risks: How scammers target your new aspirations
Consumers are warned as scammers exploit the hopes and ambitions that come with the new year, targeting vulnerable individuals with sophisticated schemes
Minister Godongwana misses the mark on bank account closures
Finance Minister Enoch Godongwana's recent comments on bank account closures raise serious concerns about constitutional rights and economic justice in South Africa
Eleven months later, SAPS silent on Markus Jooste investigation
The SA Police Service has remained silent for 11 months on the investigation into the death of Markus Jooste.
Explosive Claims of 'Liquidation Cartel' as Banxso Scandal Deepens
Banxso's R57 million settlement offer was rejected, raising serious questions about the motives behind its liquidation proceedings.
Woman, who cared for late brother-in-law, tries to block his children from getting a share of his provident fund
The woman was initially allocated 60% from the provident fund but the amount was reduced to 30% after she fought for 100%.
The FSCA's defiance: A legal standoff over Banxso's frozen funds
Despite the Western Cape High Court's lifting of a preservation order on Banxso's accounts, the FSCA steadfastly refuses to authorise the release of these funds.
Wife unhappy as adjudicator allocates more funds to kids, adds mother-in-law on late husband’s R2. 4 million pension fund
The wife, who was initially nominated to get 50% from her late husband’s R2. 4 million pension fund, was aggrieved when her amount was reduced to 25%.
Former UJ employee fights for pension fund after he was fired for disposing of 434 computer assets
The former employee told the Financial Services Tribunal that former employees that had been dismissed on same conclusion of negligence, have received their pension funds.
FSCA warns of fraudulent financial service providers claiming authority
If you suspect any fraudulent activity or are uncertain about the legitimacy of a financial service provider, the FSCA urges you to reach out for verification.