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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. 


  
Contravention
Respondents/defendants
Outcome
  
  
5/15/2024
Enforceable undertaking in terms of Section 151(1) of the Financial Sector Regulation Act, 2017
BKK FS (Pty) Ltd
Daphne Matsomela
Ulbrain-Joy Kabelo Ntho​

Copy of order
5/10/2024
In terms of section 153(1)(a) and 153(2) of the Financial Sector Regulation Act No. 9 of 2017 (FSR Act)​
Mr Craig Roy Warriner​
Debarment
Copy of orderPress Release
5/3/2024
Directive in terms of section 144(1), 144(2) and/or 144(8) of the Financial Sector Regulation Act, No. 9 of 2017 (FSR Act)
Hernell Funerals​, Mr Shaun Andre Peterson, Mrs Carol-Ann Peterson​
Copy of order
4/16/2024
Enforceable undertaking in terms of section 151 of the Financial Sector Regulation Act, 9 of 2017

Nirvesh Financial Services​
Copy of order
4/16/2024
Enforceable undertaking in terms of section 151 of the Financial Sector Regulation Act, 2017​
Gundo Negukhula
NMG Holdings (Pty) Ltd​
Copy of order
4/12/2024
Section 7(1) of the Financial Advisory and Intermediary Services Act (FAIS Act), No. 37 of 2002
Mr Shoayb Joosub​
Administrative penalty of R500 000 (inclusive of costs)​
Copy of orderPress release
4/5/2024
In terms of section 167(1)(a) of the FSR Act​
Ms. Shelly Ann du Plessis​
Administrative penalty of R1 million (inclusive of costs)​
Copy of order
4/5/2024
In terms of section 167(1)(a) of the FSR Act
Mr Dane Mesane​
Administrative penalty of R1 million
Copy of order
4/5/2024
In terms of section 167(1)(a) of the FSR Act​
Veracity Markets (Pty) Ltd​
Administrative penalty of R10 million
Copy of order
4/4/2024
In terms of s​ection 42(1) of the Determination of Fit and Proper Requirements for Financial Services Providers, 2017,​
Mr. Bhavesh Patel​
Administrative penalty of R100 000 (inclusive of costs)​
Copy of order
4/4/2024
In terms of section 42(1) of the Determination of Fit and Proper Requirements for Financial Services Providers, 2017​
Ms. Madhubala Lila Patel​
Administrative penalty of R100 000 (inclusive of costs)​
Copy of order
4/4/2024
In terms​ of section 167(1)(a) of the FSR Act​
Nirvesh Financial Services (Pty) Ltd​
Administrative penalty of R1 million (inclusive of costs)
Copy of order
4/3/2024
In terms of terms of section 167(1) of the FSR Act​
Mr Kgomotso Raymond Lebepe - Maadima (Pty) Ltd
Administrative penalty of R 400 000 (inclusive of costs)
Copy of order
4/3/2024
In terms of section 153(1)(a) read with section 153(2) (a), (b) and (c) of the Financial Sector Regulation Act No. 9 of 2017 (FSR Act)
Mr Sandile Innocent Shezi​
Debarment Order
Copy of order
4/3/2024
In terms of terms of section 167(1) of the FSR Act​
Itradefxlive (Pty) Ltd and Mr Sandile Innocent Shezi
Administrative penalty of R 1 000 000 (inclusive of costs)​
Copy of order
3/28/2024
In terms of 153(1)(A) and (C) read with section 153(2) of Financial Sector Regulation Act. No.9 of 2017 (FSR Act)
Mr Coenraad Barend Nolte Botha​
Debarment
Copy of orderPress Release
3/28/2024
In​ terms of section 167(1)(a) of the FSR Act​
Mr Coenraad Barend Nolte Botha
Penalty order
Copy of orderPress Release
3/25/2024

Enforceable undertaking in terms of Section 151(1) of the Financial Sector Regulation Act, 2017​

Greenway Burial Society CC​
Copy of order
3/25/2024
Enforceable undertaking in terms of Section 151(1) of the Financial Sector Regulation Act, 2017​

Mhlangaveza Family Assurance (Pty) Ltd​
Copy of order
3/25/2024
Enforceable undertaking in terms of Section 151(1) of the Financial Sector Regulation Act, 2017​
Motsepe Funeral Home​
Copy of order
3/25/2024
Enforceable undertaking in terms of Section 151(1) of the Financial Sector Regulation Act, 2017​
Retswelapele Funeral Services​
Copy of order
3/25/2024
Enforceable undertaking in terms of Section 151(1) of the Financial Sector Regulation Act, 2017​
Ingugama Risk Solutions
Copy of order
3/19/2024

Administrative penalty order in terms of Section 167 of the Financial Sector Regulation Act no.9 of 2017

​Markus Johannes Jooste​​

​Penalty order

Copy of orderPress release
3/19/2024

​Administrative penalty order in terms of section 167(1) read with Section 156 of the Financial Sector Regulation Act No.9 of 2017

​Dirk Bernd Schreiber

​Administrative order​

Copy of orderPress release
3/19/2024
Leniency agreement in terms of section 156 of the Financial Sector Regulation Act, Act  9 of 2017 (the "FSR Act")
Mr Dirk Bernd Schreiber​
Leniency agreement
Copy of order
3/12/2024
In terms of section 167(1)(a) of the FSR Act​
My Wealth Method (Pty) Ltd​
Administrative penalty R58 793 075 million (inclusive of costs)
Copy of orderPress Release
3/12/2024
In terms of section 167(1)(a) of the FSR Act
My Wealth Dias (Pty) Ltd​
Administrative penalty R15 065 852 million (inclusive of costs)​
Copy of orderPress Release
3/12/2024
In terms of section 153(1)(c) read with section 153(2) of the Financial Sector Regulation Act No. 9 of 2017 (FSR Act)​
Mr Charl Francois Coetzee​​
Debarment
Copy of orderPress Realease
2/26/2024
In terms of section 153(1)(a) of the Financial Sector Regulation Act No. 9 of 2017 (FSR Act)​


Ms Madel Smith​
Debarment 
Copy of order
2/26/2024
In terms of section 153(1)(a) of the Financial Sector Regulation Act No. 9 of 2017 (FSR Act)​
Ms. Hlengiwe Ivy Sibanyoni​
Debarment
Copy of order
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