The South Africa Financial Sector Conduct Authority (FSCA) issued a public warning advising consumers to exercise caution when conducting financial services business with Capital40 Investments, after receiving information that it is soliciting investments from members of the public. The FSCA noted that Capital40 is not authorised under any financial sector law to provide financial services to the public in South Africa. Capital40 is encouraging investments of between ZAR 1,000 and ZAR 400,000 and promising monthly returns of between ZAR 320 and ZAR 128,000, linked to claims that it provides access to artificial intelligence trading software that makes automated trading decisions and generates profits for clients. The FSCA cautioned that unrealistic returns should be viewed with great suspicion, reported that it was unable to contact Capital40 for comment, and reminded the public to verify a provider’s authorisation status, licensing category and Financial Services Provider number against the FSCA register, and to report suspicious activities through its ethics and fraud reporting channels.
South Africa Financial Sector Conduct Authority 2025-09-23
South Africa Financial Sector Conduct Authority warns the public about unauthorised Capital40 investment solicitations
The South Africa Financial Sector Conduct Authority (FSCA) issued a warning against Capital40 Investments, which is soliciting investments without authorization. Capital40 promises unrealistic monthly returns linked to AI trading software, prompting the FSCA to advise caution and remind the public to verify provider credentials and report suspicious activities.