Financial Services Tribunal ('FST' or 'the Tribunal')
The following matter was handed down on 18 August 2025:
Fast facts
Reconsideration application – debarment – fit and proper requirements – Financial Advisory and ...
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The Western Cape High Court has provisionally placed Banxso (Pty) Ltd, a licensed financial services provider (FSP), into liquidation following allegations of large-scale investor deception linked to 'deepfake' investment scams.
Background
The case was brought by pensioner Carol Wentzel, who lost about R500 000 after investing in Contracts for Difference ...
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The Financial Services Tribunal (FST) dismissed the reconsideration application by JD Automotive Engineering (Pty) Ltd regarding a 14 February 2005 decision by the Pension Funds Adjudicator. The case involved the applicant's failure to remit provident fund contributions for the deceased employee, AMR Marques, leading to a non-payment of his ...
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By Lee Rossini
Artificial intelligence (AI) is reshaping financial services. However, successful AI adoption in this highly regulated industry goes beyond technology; it also requires a cultural shift. Building a business culture that embraces AI ensures that employees understand, trust, and effectively integrate these tools into their daily work.
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