Archive · March 2026
The 5 archive entries on developments from March 2026.
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 National Treasury published the Draft Virtual Asset Service Providers Regulations 2026 for public consultation on 17 March 2026, the first implementing instrument under the VASP Act 2025.
CMA Rwanda has set out a regulatory approach to the tokenisation of financial assets, presented at the Inclusive FinTech Forum in Kigali in early 2026: securities tokenisation, real-world asset tokenisation and tokenised funds, treated under the existing Capital Markets Act rather than a new statute.
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.
On 1 March 2026 the National Bank of Ethiopia declared all birr-paired peer-to-peer cryptocurrency transactions illegal unless explicitly authorised, citing foreign exchange manipulation, fraud and the absence of AML safeguards.
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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