The South Africa Financial Sector Conduct Authority (FSCA) issued a clarification following media reports that it had approved the registration of a KwaZulu-Natal CoGTA Pension Fund for Amakhosi. The FSCA stated it has not received any application to register this pension fund and has therefore not reviewed or approved any such application. The regulator confirmed that Amakhosi Wealth Management (Pty) Ltd (FSP 55036) was authorised on 21 August 2025 to provide financial services in the product categories of Long-term Insurance (Subcategory A) and Friendly Society Benefits. It also urged the public to verify information about registered pension funds and licensed financial services providers via the FSCA’s official website and to rely only on official FSCA communications on licensing or registration status.
South Africa Financial Sector Conduct Authority 2025-10-07
South Africa Financial Sector Conduct Authority denies approving KwaZulu-Natal CoGTA Pension Fund for Amakhosi and confirms Amakhosi Wealth Management authorisation
The South Africa Financial Sector Conduct Authority (FSCA) clarified it has not received or approved any application for the registration of a KwaZulu-Natal CoGTA Pension Fund for Amakhosi. Amakhosi Wealth Management (Pty) Ltd was authorized on 21 August 2025 to offer services in Long-term Insurance (Subcategory A) and Friendly Society Benefits. The FSCA advised the public to verify information on registered pension funds and licensed providers via its official website.