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FSCA warns public against Nhlanhla Business Development

Publish date: 14 December 2018
Issue Number: 52
Diary: CompliNEWS
Category: General

The Financial Sector Conduct Authority (FSCA) has warned the public to act with caution when dealing with Nhlanhla Business Development (Pty) Ltd, an unauthorised entity. It is fraudulently using financial services provider (FSP) number 44720. This FSP number belongs to Aprix Life. Aprix Life has said that no relationship exists between them and Nhlanhla.

Read the full media release here

Working Smart

By Lee Rossini

In the current environment, fee transparency is a defining characteristic of a trustworthy and sustainable business. Clients are informed, cautious, and demanding about understanding what they are paying for. Transparency is both a regulatory requirement and a commercial imperative. Businesses that clearly explain their charges and value proposition are more likely to build long-term trust, strengthen client relationships, and differentiate themselves in a competitive market.