How Ithala’s licence suspension may affect clients and operations
While Ithala remains operational for existing clients, the search for a new sponsor and regulatory hurdles pose significant challenges.
While Ithala remains operational for existing clients, the search for a new sponsor and regulatory hurdles pose significant challenges.
The Authority also agrees to reconsider its decisions to withdraw the licences of four entities.
Jaco van Heerden, once a director at Medbond, is the managing director of Oceanfront Financial Solutions, whose FSP licence has been provisionally withdrawn.
Authority also pulls the licence of Stringfellow Financial Services.
Another tragic fallout resulting from the Covid-19 pandemic is that a number of FSPs may be considering closing down. The FSCA published a Guidance Notice to assist such entities in complying with all […]
Another tragic fallout resulting from the Covid-19 pandemic is that a number of FSPs may be considering closing down. The FSCA published a Guidance Notice to assist such entities in complying with all […]