South Africa's National Treasury announced that the Minister of Finance, Enoch Godongwana, has reappointed Unathi Kamlana as Commissioner of the Financial Sector Conduct Authority (FSCA) for a further five-year term under the Financial Sector Regulation Act, 2017, alongside renewed terms for Deputy Commissioners Katherine Gibson and Farzana Badat. Kamlana’s reappointment runs from 1 June 2026 to 31 May 2031. Gibson was reappointed for 27 September 2026 to 26 September 2031 and continues to oversee Regulatory Policy and Enforcement, while Badat’s new term runs from 1 December 2026 to 30 November 2031 and covers Conduct of Business Supervision and the Licensing and Business Centre. Deputy Commissioner Astrid Ludin will step down at the end of her term on 31 May 2026, and the Minister will shortly initiate the process to appoint her replacement and a fourth Deputy Commissioner, noting that the FSCA can have up to four Deputy Commissioners.
National Treasury (South Africa) 2026-03-04
South Africa's National Treasury reappoints FSCA Commissioner Unathi Kamlana and two Deputy Commissioners for new five-year terms
South Africa's National Treasury has reappointed Unathi Kamlana as Commissioner of the Financial Sector Conduct Authority (FSCA) for another five-year term, alongside Deputy Commissioners Katherine Gibson and Farzana Badat. Gibson will oversee Regulatory Policy and Enforcement, while Badat will manage Conduct of Business Supervision and the Licensing and Business Centre. Deputy Commissioner Astrid Ludin will step down on 31 May 2026, with a replacement process to be initiated.