Media Release Embargo: Immediate Friday, 23 January 2015 Update on Licenses for Financial Services Providers Financial Services Board (FSB) Deputy Registrar for Financial Services Providers, Caroline da Silva stated that the FSB has finalised the processing of 23 130 (Previously 23 085) applications for authorisation as financial services providers to date. In total, 2 170 of these applications have been declined (previously 2 170). Period from 18 November 2014 15 December 2014 The following application previously reported as declined, has been reversed and is now showing as authorised: 1 45430 PSG FOREIGN EXCHANGE (PTY) LTD t/a FC EXCHANGE PAARL, WESTERN CAPE The detail of the following application that was declined is as follows: 1 45320 MAUDE STREET CAPITAL (PTY) LTD VORNA VALLEY, MIDRAND, 1
The authorisation of the following 5 FSPS were suspended during the reporting period: (Suspended due to non-payment of levies, non-submission of compliance reports and/or financial statements or not meeting the regulatory examination requirements) 1 298 GORDON INGRAM AND ASSOCIATES CC ALBERTSKROON, JOHANNESBURG, 2 9074 INDEPENDENT INSURANCE BROKERS (PTY) LTD MAFIKENG, NORTH WEST 3 16656 JAS FORWARDING SA (PTY) LTD KEMPTON PARK, 4 25390 WORLD FOCUS 1119 CC t/a SMP BROKERS LANGA, CAPE TOWN, 5 38820 NORMAN EPHRAIM VILAKAZI t/a GREENLIGHT FINANCIAL SOLUTION LEONDALE, GERMISTON, The status of the following 8 FSPs previously reported as suspended, have now been lifted: 1 4876 KOTZE SMIT MAKELAARS BK AMANDAGLEN, BELLVILLE, WESTERN CAPE 2 12401 LAMBERTUS PETRUS VOSLOO t/a ELIPSIS FINANCIAL PORTFOLIO MANAGEMENT WONDERBOOM, PRETORIA, 3 20408 WESTLAND MOTORS (PTY) LTD ALDARAPARK, RANDBURG, 2
4 25390 WORLD FOCUS 1119 CC t/a SMP BROKERS LANGA, CAPE TOWN, 5 31465 HELEN MCHUNU t/a SMOMOZA BROKERS DAVEYTON, 6 35632 NTABANKULU BRIAN MATSHAYA t/a SIMNIKIWE BROKERAGE / FINANCIAL SOLUTIONS UNLIMITED MDANTSANE, EASTERN CAPE 7 40956 B3 FUNERALS (PTY) LTD GROBLERSDAL, 8 42440 LIQUIDNET EUROPE LIMITED ERASMUSKLOOF, PRETORIA, The authorisation of the following 37 FSPs have been withdrawn during the reporting period: (Withdrawn due to regulatory action) 1 762 LOUIS GROUP (SA) LTD t/a LOUIS GROUP FINANCIAL SERVICES BLOUBERGSTRAND, 2 4302 STRINI NAIDOO t/a AUDIT TAX FLORIDAWEG, DURBAN, KWAZULU- NATAL 3 4692 HANNES LE GRANGE INSURANCE BROKERS CC t/a HANNES LE GRANGE INSURANCE BROKERS AGAVIA, KRUGERSDORP, 4 6425 JAN DANIEL LOUW BAYSWATER, BLOEMFONTEIN, FREE STATE 3
5 7175 ROELOF VAN ROOYEN t/a RW VAN ROOYEN BROKERS FLAMWOOD, KLERKSDORP, NORTH WEST 6 7300 RAR MOTORS (PTY) LTD t/a FEDNISSAN NEWCASTLE, KWAZULU-NATAL 7 9249 RISHIRAJ RATHILAL CAVENDISH, QUEENSBURGH, KWAZULU-NATAL 8 9285 D.G. MARINE CC ANDERBOLT, BOKSBURG, 9 10188 HENDRIK LINDENBERG VAN COPPENHAGEN t/a OMEGA MOTORS 10 10443 JAWIRLALL RAMBURAN BECHOO t/a BECHOOS FUNERAL SERVICES CAPITAL PARK, PRETORIA, MARBURG, PORT SHEPSTONE, KWAZULU-NATAL 11 11224 PWB FINANSIELE DIENSTE BK AMANDAGLEN, BELLVILLE, 12 11310 TERESA JANE CROSS t/a BUTLER FINANCIAL SERVICES BLANDFORD RIDGE, BRYANSTON, SANDTON, 13 12028 PIETER FRANCOIS HUGO WINTERBACH WORCESTER, 14 15126 GEZANI BEN MBOWENI t/a BENEVOLENT INSURANCE PHALABORWA, 4
BROKERS 15 15249 ALI MOHAMED EBRAHIM CLAUDIUS, LAUDIUM, CENTURION, 16 15388 HARRISON CHUENE MASEHELA t/a MASEHELA BROKERS ANNADALE, PIETERSBURG, POLOKWANE, 17 16407 NEWELL INSURANCE CONSULTANTS CC ACTONVILLE, BENONI, 18 17127 GLENDA JOY ROGERS t/a GLENDA ROGERS & ASSOCIATES BALLITO, KWAZULU- NATAL 19 17142 SILVER SEED CAPITAL (PTY) LTD AMANDAGLEN, BELLVILLE, 20 17312 MIDWEST BROKERS CC t/a MIDWEST BROKERS STRAND, WESTERN CAPE 21 17592 HERMANUS JOSEPH KRIEL t/a MANIE KRIEL INSURANCE BROKERS PHALABORWA, 22 17608 MELVILL TRUST t/a FINANCIAL HUB BALMORAL LANDGOED, RONDEBOSCH, CAPE TOWN, 23 17818 MONETOLOGY FINANCIAL SERVICES (PTY) LTD BRYANSTON, SANDTON, 5
24 17843 HENQUE 1014 CC t/a WEIRS TOYOTA BALMORAL, QUEENSTOWN, EASTERN CAPE 25 18687 CHYNZ M FINANCIAL SERVICES CC VORNA VALLEY, MIDRAND, 26 18743 HILTON ALEXANDER FINANCIAL SERVICES (PTY) LTD ATHOL HEIGHTS, WESTVILLE, KWAZULU-NATAL 27 18850 THEUNIS ERASMUS LAUBSCHER t/a SMITTIE LAUBSCHER MAKELAARS HUGENOOT, PAARL, 28 19754 TIMOTHY RICHARD MBALO t/a TR INSURANCE BROKERS GUGULETU, 29 20054 JOHAN ADAM BOSMAN t/a BOSSIE BOSMAN MARBLE HALL, 30 22161 JH QUANTUM FINANCIAL SOLUTIONS CC LANSDOWNE, CAPE TOWN, WESTERN CAPE 31 25004 TEMBINKOSI ELVIS MAJOLA t/a TE FINANCIAL SERVICE BROKER FLAGSTAFF, EASTERN CAPE 32 36678 VAN WILLING FUNERALS CC UITENHAGE, EASTERN CAPE 33 39339 MICHAEL LAWRENCE SMITH BALMORAL LANDGOED, RONDEBOSCH, CAPE TOWN, 6
34 42559 BESTSURE BUSINESS CONSULTANTS (PTY) LTD ALBERMARLE, GERMISTON, 35 44066 MUDZI DRIVING SCHOOL CC t/a MUDZI INSURANCE BROKERS 36 44240 RUDZANI GEORGE SIPHUGU t/a AKONAHO FINANCIAL SERVICES MUNGOMANI, GUMBANI, 37 44515 RIRHANDZU MLONDOBOZI NKOWANKOWA, The authorisation of the following 2 FSPs previously reported as having been withdrawn, have now been reinstated: 1 42918 YABELA DLALI TRADING CC t/a YDT FINANCIAL ADVISORS BAYSWATER, BLOEMFONTEIN, FREESTATE 2 45430 PSG FOREIGN EXCHANGE (PTY) LTD t/a FC EXCHANGE HUGENOOT, PAARL, 7
The authorisation of the following FSP has provisionally been withdrawn: 1 164 EMINENCE TRUST (PTY) LTD ALLEN GROVE, KEMPTON PARK, Caroline da Silva adds, "FSP's whose applications had been unsuccessful, withdrawn or suspended are entitled to appeal to the FSB Appeal Board, an independent tribunal, if the applicant / licensee is dissatisfied with the decision taken by the Registrar. ENDS 8