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Contravention
Respondents/defendants
Outcome
  
5/27/2019
Section 73(3) of the Collective Investment Schemes Control Act, 45 of 2002

​Community Growth Management (Pty) Ltd

​Administrative penalty R10 000

Copy of Order
5/17/2019

Section 13(1)(b)(I) of the Financial Advisory and Intermediary Services Act, 37 of 2002

Charles Winshaw

Administrative penalty R10 000

Copy of Order
4/30/2019

Rules 5(8), 5(11) and 5(12) of the Credit Rating Agency Rules

Global Credit Rating Co. (Pty) Limited (Global)

Administrative Penalty R 487 000 inclusive of costs


Copy of Order
4/24/2019

Section 3(2) of the Credit Ratings Act, 24 of 2012

NKC African Economics (Pty) Ltd

Administrative Penalty R300 000


Copy of Order
4/16/2019

Section 65 (3) of the Collective Investment Schemes Control Act, 45 of 2002.

36ONE Asset Management (Pty) Limited

R350 000

Copy of Order
12/13/2018
Paragraph 1(i) of schedule 1 of the CISCA (read with Section 97 of the CISCA)
​Stanlib Collective Investment (RF)(Pty) Limited
​R500 000 Administrative Penalty
Copy of Order
10/12/2018
Contravention of the following contraventions of the FIC Act: 
Section 43B(1) of the FIC Act;
Section 21(1)(a) of the FIC Act; 
Regulation 24(4) of the Regulations promulgated in terms of GNR1595 in GG 24176 of 20 December 2002.
SATRIX MANAGERS (Pty) Limited
R60 000 Administrative Penalty
Copy of Order
10/4/2018
​​Section 76(1) of the Securities Services Act, No 36 of 2004
Harmony Gold Mining Company Limited
​Administrative Penalty R30 million Inclusive of costs
Copy of Order
9/20/2018

​Section 13(2)(a)of the Financial Advisory and Intermediary Services Act,37 of 2002

​Bayport Financial Services 2010 (Pty) Ltd

​Administrative Penalty R500 000

Copy of Order
8/14/2018
​Section 4(2)(a) of the Financial Markets Act, 2012
Shepherd Bushiri Investments (Pty) Ltd
R50 000 Administrative penalty
Copy of Order
4/5/2018
​Section 106(a) of CISCA
Novare Collective Investment Schemes
​R30 000 Administrative Penalty
Copy of Order
3/15/2018
​Section 7 (1) of the Financial Advisory and Intermediary Services Act, 37 of 2002
Dell Computer (Pty) Limited
R100 000Administrative penalty
Copy of Order
2/19/2018
Section 106(a) of CISCA read with paragraph 5(3)(j) of Board Notice 92 of 2014
Prime Collective Investment Schemes Management Company (RF) (PTY) LTD
Administrative Penalty R30 000 Inclusive of costs
Copy of Order
12/14/2017
Section 81 (1) of the Financial Markets Act, 19 of 2012
Cargill RSA (Pty) Limited
​R362 000Administrative Penalty
Copy of Order
12/7/2017
​Section 4 (4)(a) of the Collective Investment Schemes Act, 45 of 2002.
​H4 Collective Investments (RF) (Pty) Limited
Administrative PenaltyR20 000
Copy of Order
12/4/2017
Rule 5.1 (a)(i) of the Policyholder Protection Rules (Long-Term Insurance)
Avbob Mutual Assurance Society
Administrative PenaltyR100 000 Inclusive of costs
Copy of Order
10/23/2017
Section 80 (1) (a) read with 80 (3) (a) of the Financial Markets Act, 19 of 2012
James George Witheridge Gubb
Administrative Penalty: R100 000
Copy of Order
10/23/2017
Section 7(1) of the Financial Advisory and Intermediary Services Act, 37 of 2002
​Refinery 5 (Pty) Limited
Administrative Penalty:R20 000
Copy of Order
10/20/2017
Section 75 (prohibited trading practices) of the Securities Services Act, No. 36 of 2004
​Hanno Van Dyk
​Administrative Penalty: R750 000
Copy of Order
7/11/2017
Section 7(1) of the Financial Advisory and Intermediary Services Act, 37 of 2002
Mzala & Company (Pty) Limited
Administrative Penalty:R20 000
Copy of Order
6/29/2017
Section 7(1) of the Financial Advisory and Intermediary Services Act, 37 of 2002
Nyadombo Tendai
​Administrative Penalty:R40 000
Copy of Order
6/15/2017
Rules 16.1(C)(ii)and(iii) of the Policyholder Protection Rules (Long-Term Insurance),2004, issued in terms of Section 62 of the Long-Term Insurance Act,No.52 of 1998.​
The Smart Life Insurance Company LTD
Administrative Penalty:R150 000
Copy of Order
6/8/2017
Section 4 (4) (a) of the Collective Investment Schemes Act, 45 of 2002
​MET Collective Investments (RF) (Pty) Limited
R20 000 Penalty
Copy of Order
4/13/2017
Section 49 of the Long-Term Insurance Act No. 52. Of 1998 & Rules 16.1(c)(iii) and (v) of the Policyholder Protection Rules, 2004, issued in terms of Section 62 of the Long-Term Insurance Act, No. 52 of 1998
Assupol Life Limited
​Administrative Penalty:R500 000
Copy of Order
4/10/2017
​Section 65 of the Collective Investment Schemes Act,45 of 2002
Iza Wealth (Pty) Limited
R50 000 Administrative Penalty
Copy of Order
3/27/2017
Rule 74(a) of the Policyholder Protection Rules (Short Term Insurance), 2004 issued under the Short-Term Insurance Act, No. 53 of 1998
​New National Assurance Company Limited
​Administrative Penalty R100 000
Copy of Order
3/14/2017
Section 78 (1) (a) of of the Financial Markets Act, 19 of 2012
​Michiel Jakobus Bronn
​Administrative Penalty:R350 000 plus costs
Copy of Order
3/14/2017
​Section 7(1) of the Financial Advisory and Intermediary Services Act, 37 of 2002. ( The FAIS Act)
​David Melvill
​Administrative Penalty:R10 000
Copy of Order
3/8/2017
Section 80(1) (a) of the Financial Markets Act 19 of 2012
Robert Fourie
Administrative penalty: R2 million together with the costs of the enquiry
Copy of Order
2/17/2017
Rule 16.1(c)(ii) and (iii) of the Policyholder Protection Rules (Long-term Insurance), 2004 issued in terms of section 62 of the Long-term Insurance Act, 52 of 1998
Lombard Life Limited
Administrative penalty: R150 000 inclusive of costs
Copy of Order
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