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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
  
4/3/2020

​Section 76 of the Securities Services Act, 34 of 2004

Mr Nicolaas Van Dyk

​R4 080 000 million administrative penalty

Copy of Order
4/3/2020

​Section 76 of the Securities Services Act, 34 of 2004

​Mr Nicolaas Van Dyk

​R1 777 500 million administrative penalty

Copy of Order
3/24/2020

​Section 76 of the Securities Services Act, 34 of 2004

​Ms. Connie Van Nieuwkerk

​R31 million administrative penalty

Copy of Order
3/24/2020

​Section 76 of the Securities Services Act, 34 of 2004

​Ms. Connie Van Nieuwkerk

​R15 million administrative penalty

Copy of Order
2/21/2020

​Section 7(1) of the Short-Term Insurance Act, No 53 of 1998

​GKF (Pty) Ltd

Debarment Order & Administrative Penalty R5 million




Copy of Order
2/21/2020

​Section 7(1) of the Short-Term Insurance Act, No 53 of 1998 

​Malvern Trading CC

​Debarment Order & Administrative Penalty R25 million

Copy of Order
11/6/2019

​Section 53 (2) of the LTIA, Rule 5.1 (a) (i) of the Policyholder Protection Rules, read with section 7 (3), 13 (3) and 13 (2) (b) of the Financial Advisory and Intermediary Services Act, 37 of 2002

Channel Life Limited 

Administrative Penalty of R300 000 for a contravention of section 53 (2) of the Long-term Insurance Act, 52 of 1998;

Administrative Penalty of R250 000 for the contravention of Rule 5.1 (a) (i) of the Policyholder Protection Rules, read with section 7 (3), 13 (3) and 13 (2) (b) of the Financial Advisory and Intermediary Services Act, 37 of 2002. 

An amount not less than R100 000 to be paid to 33 affected policyholders in terms of a directive issued in terms of section 144 of the Financial Sector Regulation Act, 9 of 2017.



Copy of Order
10/22/2019
Section 153(1)(a) of the Financial Sector Regulation Act, 2017 (FSRA)#


​Fern Finance (Pty) Ltd

​Debarment Order

Copy of Order
10/2/2019

​Section 4 of the Collective Investments Schemes Control Act, 45 of 2002 and Board Notice 90 and 92.#

​MET Collective Investments (Pty) Ltd

​Administrative penalty: R100 million

*Copy of order
9/16/2019

​Section 90 of the Financial Markets Act, 19 2012

​4 AFRICA EXCHANGE (Pty) Ltd (4AX)

​Administrative penalty: R30 000

copy of order
9/12/2019

​Section 81 of the Financial Markets Act, 19 of 2012

​Steinhoff International Holdings NV

Administrative Penalty: R1.5 billion remitted to R53 million

Copy of Order
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
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