Financial Services Tribunal ('FST' or 'the Tribunal')
The following decision was handed down on 18 November 2025:
Fast facts
Application for reconsideration of debarment decision under s 230 of the Financial Sector Regulation Act – Tribunal held that a decision-maker must be satisfied on ...
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The Financial Services Tribunal (Tribunal) dismissed an application by Mr Aatish Ramnath for the reconsideration of a 12-year debarment imposed by the Financial Sector Conduct Authority (FSCA). The ruling, delivered on 19 November 2025, confirms both the fact of the debarment and its duration.
Background
Mr Ramnath, formerly a ...
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Parties: K Mulaudzi v Sanlam Developing Markets Ltd
Decision: 25 November 2025
Keywords: Financial services law, Debarment, Fit and Proper, Honesty and Integrity, Conflict of interest, Bribery concerns, FAIS Act, Procedural fairness, Reconsideration application
Summary
The applicant, Khuliso Mulaudzi, sought reconsideration of his debarment by Sanlam Developing Markets Ltd ...
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By Lee Rossini
Personalisation in financial services refers to the process of tailoring advice, solutions, and ongoing support to the unique circumstances, goals, behaviours, and values of an individual client. Personalised advice involves a deep understanding of a client’s financial position, aspirations, risk tolerance, life stage, and personal preferences. This approach goes beyond generic product recommendations and instead focuses on building a strategy that reflects the client’s identity and life journey.
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