Archive · South Africa
All 10 archive entries on South Africa, most recent first.
The National Treasury published the Draft Capital Flow Management Regulations 2026 for public comment in April 2026, replacing the Exchange Control Regulations of 1961 and bringing crypto assets formally inside South Africa's capital flow framework for the first time.
The FSCA published a supervisory update on crypto asset service provider licensing on 15 April 2026, reporting 30 supervisory inspections of CASPs conducted between April 2025 and March 2026 under the Financial Advisory and Intermediary Services Act.
The FSCA imposed a R350,000 administrative penalty on Thembnkululeko Construction (Pty) Ltd, a registered financial services provider (FSP 53486), for regulatory violations, announced 10 April 2026.
South Africa's National Treasury confirmed it will amend the Exchange Control Regulations to govern transfers of cryptocurrency to non-residents, per an April 2026 analysis published on Polity.
The Gauteng High Court interdicted Fusion Guarantees (Pty) Ltd from issuing construction guarantees, holding in a 23 March 2026 judgment (Elasah Risk Consultants v National Credit Regulator and Others) that such guarantees meet the definition of non-life insurance under the Insurance Act 18 of 2017: premiums paid, an undertaking triggered by an uncertain event, indemnification of loss.
The FSCA imposed an administrative penalty of R358,750,000 (about USD 18.9 million) on Stephanus Johannes Stehan Grobler, formerly Steinhoff International's chief legal and treasury officer, for materially misleading financial statements covering 2014 through the 2017 half-year, in breach of the Financial Markets Act.
The FSCA imposed a R710,000 administrative penalty on QuickTrade (Pty) Ltd, an online CFD and forex broker, for multiple breaches of the Financial Intelligence Centre Act, including customer due diligence and AML control failures, and coupled the fine with a remediation directive.
The Information Regulator sought leave to appeal a North Gauteng High Court ruling that let the Department of Basic Education publish the 2025 matric results in newspapers despite the Regulator's enforcement notice prohibiting it.
At a 13 November 2025 media briefing, Information Regulator Chairperson Adv Pansy Tlakula disclosed enforcement notices against Blouberg Municipality, Lancet Laboratories and FT Rams Consulting, a settlement with WhatsApp that is to be made an order of court, ongoing litigation against the Department of Basic Education over matric results, and the Regulator's intention to seek a court ruling on whether telemarketing falls under POPIA section 69.
The FATF removed South Africa from its grey list on 24 October 2025, ending a multi-year remediation of the country's anti-money laundering and counter-terrorist financing regime coordinated across the Treasury, SARB, FIC and FSCA.
Enforcement decisions, new laws and regulatory movement across African jurisdictions, in one brief. Free, and built to be forwarded to the colleague who needs it.
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