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27 July 2024 Financial Service Intelligence Watch

Reserve Bank forfeits R6bn from Steinhoff group in record seizure

The Reserve Bank has informed the Steinhoff group of companies that approximately R6 billion, plus interest, held in seven local accounts has been forfeited to the state. This marks a record forfeiture for the central bank. According to a report by the Daily Maverick, Reserve Bank Deputy Governor Fundi Tshazibana ...

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FSCA warns public to exercise caution with Durban Forex Group

The Financial Sector Conduct Authority (FSCA) advises the public to act with caution if they intend to conduct financial services business with Durban Forex Group.

The FSCA has received information that may indicate that the Durban Forex Group is possibly providing financial services to members of the public without being ...

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Working Smart

By Lee Rossini

Using data to make decisions is becoming commonplace in many businesses. By leveraging data to guide choices, businesses can enhance efficiency, foster innovation, and gain a competitive edge. This approach transforms raw data into actionable insights, thereby empowering businesses to make informed decisions rather than relying on intuition or guesswork.

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