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19 December 2025 Financial Service Intelligence Watch

FSCA releases full set of Enforcement Orders against Banxso and senior executives, confirming R2 billion penalty and multiple 30-year debarments

The Financial Sector Conduct Authority (FSCA) has released a comprehensive set of administrative penalty and debarment orders arising from its investigation into Banxso (Pty) Ltd and individuals linked to the business. The enforcement action, taken under the Financial Sector Regulation Act, 2017 (FSR Act), represents one of the most far-reaching ...

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Working Smart

By Lee Rossini

After a challenging year for many, 2025 is drawing to a close. Many shifts were felt in the financial services sector as it is being reshaped by technological disruption, regulatory change, economic uncertainty, and evolving client expectations. Businesses that don’t adapt risk losing clients, falling behind their competitors, or falling foul of regulation. Below are key challenges confronting the sector, and how business owners can proactively prepare for a successful 2026.

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