FSCA Fines Database | Financial Sector Conduct Authority Enforcement Actions
Track Financial Sector Conduct Authority (FSCA) fines and enforcement actions from 2006-2026. Current totals are loaded from the live evidence view. Complete database with stats, trends, and analysis.
Coverage Snapshot
- Regulator: Financial Sector Conduct Authority
- Jurisdiction: South Africa
- Tracked period: 2006-2026
- Tracked actions: 582
- Latest tracked action: 2026-10-12
- Default currency: GBP
Use This Data
Open the live RegActions workspace to filter the source records, inspect related firms, compare breach themes, and export the evidence for compliance or board reporting.
Country risk report: South Africa →
Largest enforcement actions
| Firm or individual | Date | Amount | Breach category | Source |
|---|---|---|---|---|
| Banxso (Pty) Ltd, Messrs Harel Adam Sekler and Warwick David Sneider | 10 Dec 2025 | £86,000,000 | In terms of section 167(1)(a) of the Financial Sector Regulation Act, No. 9 of 2017 (FSR Act) | Notice |
| Mr Stephanus Johannes (Stehan) Grobler | 2 Mar 2026 | £15,426,250 | In terms of Section 167 of the Financial Sector Regulation Act, No. 9 of 2017 | Notice |
| Medbond Insurance Brokers (Pty) Ltd | 10 Dec 2025 | £8,471,000 | In terms of section 167(1)(a) of the FSR Act | Notice |
| Mr Jacobus Meyer | 10 Dec 2025 | £8,471,000 | In terms of section 167(1)(a) of the FSR Act | Notice |
| Markus Jooste | 29 Oct 2020 | £6,947,427 | Section 78 (4) (a) and section 78 (5) of the Financial Markets Act | Notice |
| Ocsan Investment Enterprise (PTY) Ltd | 29 Oct 2020 | £4,982,286 | Section 78 (1) (a) of the Financial Markets Act | Notice |
| MET Collective Investments (Pty) Ltd | 1 Oct 2019 | £4,300,000 | Section 4 of the Collective Investments Schemes Control Act, 45 of 2002 and Board Notice 90 and 92.# | Notice |
| Basfour 3773 (Pty) Ltd Trading as Oinvest | 13 Oct 2020 | £2,520,179 | Basfour contravened section 7(1)(a) and 13(3) of the FAIS Act, section 2 and 11 of the General Code of Conduct for the Authorised Financial Services Providers and Representatives- Board Notice 80/2003 and section 3(b) to (e), (h) and (i) of the Code of Conduct for Authorised Financial Services Providers and their Representatives | Notice |
| Steinhoff International Holdings NV | 11 Sep 2019 | £2,279,000 | Section 81 of the Financial Markets Act, 19 of 2012 | Notice |
| Viceroy Research Partnership Aiden Lau Fraser John Perring Gabriel Bernarde | 29 Aug 2021 | £2,150,000 | Contraventions of Section 81(1) and 81 (2) of the Financial Markets Act 19 of 2012 (FMA). | Notice |
| Ms. Connie Van Nieuwkerk | 23 Mar 2020 | £1,333,000 | Section 76 of the Securities Services Act, 34 of 2004 | Notice |
| Mr Frederick Young du Preez | 3 Nov 2024 | £1,290,000 | In terms of section 167(1)(a) of the Financial Sector Regulation Act No. 9 of 2017 (FSR Act) | Notice |
| Mr Stephanus Cornelius Jansen van Rensburg | 3 Nov 2024 | £1,290,000 | In terms of section 167(1)(a) of the Financial Sector Regulation Act No. 9 of 2017 (FSR Act) | Notice |
| Harmony Gold Mining Company Limited | 3 Oct 2018 | £1,290,000 | Section 76(1) of the Securities Services Act, No 36 of 2004 | Notice |
| Malvern Trading CC | 20 Feb 2020 | £1,075,000 | Section 7(1) of the Short-Term Insurance Act, No 53 of 1998 | Notice |
| Mr Angel Errol Ramphele (Mr Ramphele). | 11 May 2026 | £1,032,000 | In terms of section 167(1)(a) of the Financial Sector Regulation Act NO.9 of 2017 (FSR Act) | Notice |
| Ms Maria Rosa Barros (Ms Barros) | 11 May 2026 | £890,100 | In terms of section 167(1)(a) of the Financial Sector Regulation Act NO.9 of 2017 (FSR Act) | Notice |
| Mr Manuel De Andrade | 10 Dec 2025 | £860,000 | In terms of section 167(1)(a) of the Financial Sector Regulation Act, No. 9 of 2017 (FSR Act) | Notice |
| Stringfellow Financial Services (Pty) Ltd t/a Stringfellow Investments Specialists | 12 Dec 2022 | £860,000 | Sections 7(1)(a),13 (2) (b) and 13(3) of the Financial Advisory and Intermediary Services Act, 37 of 2002; and Sections 2, 3(1)(a), 8(1) (a) to (d) and 11 of the General Code of Conduct for Authorised Financial Services Providers and Representatives, 2003. | Notice |
| Markus Johannes Jooste | 5 Dec 2022 | £860,000 | Contraventions of the insider trading prohibitions contained in section 78 of the Financial Markets Act, 19 of 2012 (the Financial Markets Act). | Notice |
Amounts are normalised to GBP for comparison.
Frequently asked questions
What is the largest FSCA fine?
The largest FSCA fine currently recorded by RegActions is £86,000,000, issued to Banxso (Pty) Ltd, Messrs Harel Adam Sekler and Warwick David Sneider on 10 Dec 2025 by the Financial Sector Conduct Authority. This reflects amounts that have passed RegActions' amount-review gate; see the FSCA fines database below for the complete, source-linked list.
How much has FSCA fined in 2026?
RegActions records £18,888,185 in disclosed Financial Sector Conduct Authority (FSCA) monetary penalties in 2026, based on source-linked notices that have passed the amount-review gate. This excludes non-monetary actions such as prohibitions and public censures.
How many FSCA penalties were issued in 2026?
RegActions has recorded 28 disclosed Financial Sector Conduct Authority (FSCA) monetary penalties in 2026 so far. This counts individual penalty notices, not firms, since some are fined more than once in a year.
How can I verify a FSCA fine?
Start with the firm or individual name, the penalty date and the disclosed amount, then open the linked Financial Sector Conduct Authority notice. The notice sets out the rule breaches, the affected period and the sanction. RegActions links every record to its official source; the regulator's own publication remains the authoritative record.