CityWire reports that the Financial Sector Conduct Authority (FSCA) has reaffirmed its intention to overhaul South Africa’s financial markets regulatory framework, with a dual focus on revising the Financial Markets Act (FMA) and introducing a new benchmark conduct standard.
Review of the Financial Markets Act
Commissioner Unathi Kamlana, speaking at ...
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The Western Cape High Court has provisionally liquidated Banxso (Pty) Ltd, one of South Africa’s best-known CFD trading platforms, in a judgment that starkly divided opinion.
Judge André le Grange delivered a scathing ruling, describing Banxso’s business model as fraudulent, predatory, and outside the law. The case was launched by ...
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On 22 August 2025, the Financial Sector Conduct Authority (FSCA) issued FAIS Notice 67 of 2025, granting an exemption to Simply Comply (Pty) Ltd (Compliance Practice 6003) under section 44(4) of the FAIS Act, 2002, read with section 281(3)(b) of the Financial Sector Regulation Act, 2017.
Scope ...
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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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