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# The Respondent has applied to the Financial Services Tribunal for reconsideration of the Authority’s decision.

* Upon application by the Respondents to the Financial Service Tribunal, the order granted by the Authority is accordingly suspended pending the decision of the Financial Services Tribunal.

Date	Contravention	Respondents/defendants	Outcome	Copy of Order
12/11/2025	In terms of section 167(1)(a) of the Financial Sector Regulation Act, No. 9 of 2017 (FSR Act)	Banxso (Pty) Ltd, Messrs Harel Adam Sekler and Warwick David Sneider	Administrative penalty of R2 billion rand (inclusive of costs)	Copy of order
12/11/2025	In terms of section 167(1)(a) of the Financial Sector Regulation Act, No. 9 of 2017 (FSR Act)	BANXSO (PTY) LTD	Administrative penalty of R16 million rand (inclusive of costs)	Copy of order
12/11/2025	In terms of section 167(1)(a) of the Financial Sector Regulation Act, No. 9 of 2017 (FSR Act)	Mr Henry James Simpson	Administrative penalty of R5 million rand (inclusive of costs)	Copy of order
12/11/2025	In terms of section 167(1)(a) of the Financial Sector Regulation Act, No. 9 of 2017 (FSR Act)	Mr Manuel De Andrade	An administrative penalty of R20 million rand (inclusive of costs)	Copy of order
12/11/2025	In terms of section 167(1)(a) of the Financial Sector Regulation Act, No. 9 of 2017 (FSR Act)	Mr Mohammed Bux	Administrative penalty of R10 million rand (inclusive of costs)	Copy of order
12/11/2025	In terms of section 153(1) of the Financial Sector Regulation Act, No. 9 of 2017 (FSR Act)	Mr Harel Adam Sekler	Debarment order	Copy of order
12/11/2025	In terms of sections 153(1)(a) and 153(1)(c) read with section 153(2) of the FSR Act	Mr Henry James Simpson	Debarment Order	Copy of order
12/11/2025	In terms of sections 153(1)(a) and 153(1)(c) read with section 153(2) of the FSR Act	Mr Manuel de Andrade	Debarment Order	Copy of order
12/11/2025	In terms of sections 153(1)(a) and 153(1)(c) read with section 153(2) of the FSR Act	Mr Mohammed Bux	Debarment Order	Copy of order
12/11/2025	In terms of section 153(1) of the Financial Sector Regulation Act, No. 9 of 2017 (FSR Act)	Mr Warwick David Sneider	Mr Warwick David Sneider	Copy of order
12/11/2025	In terms of section 167(1)(a) of the FSR Act	Mr Songeziwe Mbalo and Bhaca Green (Pty) Ltd	An administrative penalty of R9 000 000 (inclusive of costs)	Copy of order
12/11/2025	In terms of sections 153(1)(a) and 153(1)(c) read with section 153(2) of the FSR Act	Mr Songeziwe Mbalo	Debarment	Copy of order
12/11/2025	In terms of section 167(1)(a) of the FSR Act	Mr Lungile Mgilane	An administrative penalty of R50 000 (inclusive of costs)	Copy of order
12/11/2025	In terms of section 167(1)(a) of the FSR Act	Masjamplan (Pty) Ltd	Masjamplan (Pty) Ltd	Copy of order
12/11/2025	In terms of section 167(1)(a) of the FSR Act	Medbond Fund Managers (Pty) Ltd	An administrative penalty of R5 000 000 (inclusive of costs)	Copy of order
12/11/2025	In terms of section 167(1)(a) of the FSR Act	Medbond Insurance Brokers (Pty) Ltd	An administrative penalty of R197 000 000 (inclusive of costs)	Copy of order
12/11/2025	In terms of section 167(1)(a) of the FSR Act	Medbond Markets (Pty) Ltd	An administrative penalty of R5 000 000 (inclusive of costs)	Copy of order
12/11/2025	In terms of section 167(1)(a) of the FSR Act	Mr Jacobus Meyer	An administrative penalty of R197 000 000 (inclusive of costs)	Copy of order
12/11/2025	In terms of section 153(1)(a) and (c) of the Financial Sector Regulation Act No. 9 of 2017 (FSR Act)	Mr Jacobus Meyer	Debarment	Copy of order
12/11/2025	In terms of section 153(1)(a) and (c) of the Financial Sector Regulation Act No. 9 of 2017 (FSR Act)	Mr Frederick Andries Jacobus van Heerden	Debarment	Copy of order
11/27/2025	In terms of section 167(1)(a) of the Financial Sector Regulation Act, no. 9 of 2017 (FSR Act)	A2X (Pty) Ltd	Administrative penalty of R700 000	Copy of order
11/24/2025	In terms of section 151(1) of the Financial Sector Regulation Act, 9 of 2017	The Financial Sector Conduct Authority Trans-Atlantic Financial Services (Pty) Ltd t/a Uzuko Funeral Services John Edward Lomas Nomvuyo Selina Sobekete	Enforceable Undertaking	Copy of order
11/12/2025	In terms of section 167(1)(a) of the Financial Sector Regulation Act,no.9 of 2017 (FSR Act)	Mr Pieter Willem van der Walt	Administrative penalty of R 550 000 (inclusive of costs)	Copy of order
11/12/2025	In terms of sections 153(1)(a) and 153(1)(c) read with section 153(2) of the FSR Act	Mr Pieter Willem van der Walt	Debarment	Copy of order
11/12/2025	In terms of section 167(1)(a) of the Financial Sector Regulation Act,no.9 of 2017 (FSR Act)	Ms Chantelle Kleynhans	Administrative penalty of R1 550 000 (inclusive of costs)	Copy of order
11/12/2025	In terms of sections 153(1)(a) and 153(1)(c) read with section 153(2) of the FSR Act	Ms Chantelle Kleynhans	Debarment	Copy of order
11/3/2025	In terms of Section 167(1)(a) of the Financial Sector Regulation Act, no. 9 of 2017 (FSR ACT)	Prosperity Management Africa (Pty) Ltd (PMA)	Administrative penalty of R1 000 000 (inclusive of costs)	Copy of order
10/28/2025	In terms of section 151(1) of the Financial Sector Regulation Act, 9 of 2017	Amaswazi Funeral Home (Pty) Ltd Mr. Nkosinathi Goodenough Magudulela	Enforceable Undertaking	Copy of order
10/17/2025	In terms of Section 153(1) of the Financial Sector Regulation Act, No.9 of 2017 (FSR Act)	Mr Kamohelo Gobela	Debarment	Copy of order
10/17/2025	In terms of Section 153(1) of the Financial Sector Regulation Act, No.9 of 2017 (FSR Act)	Ms Magdeline Khoza	Debarment	Copy of order

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Page TitleEnforcement Actions

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Enforcement Actions