Financial Services Tribunal ('FST' or 'the Tribunal')
The following matter was handed down on 14 May 2025:
Fast facts
Reconsideration application – ...
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In the case Standard Bank of South Africa Ltd v South African Reserve Bank (SARB) and others (Case No. 047643/2023), the Pretoria High Court ruled that cryptocurrencies are not subject to South Africa’s Exchange Control Regulations (Excon) under the current legal framework.
Key Facts
The Financial Services Tribunal has dismissed an application by Mr Thapelo Jan Baloyi to overturn his debarment by Standard Bank, affirming serious breaches of honesty and integrity expected under the FAIS Act. Baloyi, previously contracted as a financial adviser at Standard Bank’s Secunda branch, was found to have:
By Lee Rossini
As artificial intelligence (AI) continues to evolve, small financial advice firms are presented with an opportunity to enhance efficiency and client service without losing the human touch that clients trust. The key to success lies in achieving the right balance – leveraging AI to support, not replace, human financial planners. Here are some guidelines on how to find this balance.
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