South Africa’s Minister of Finance 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, and has also reappointed deputy commissioners Katherine Gibson and Farzana Badat for additional five-year terms. Mr Kamlana’s new term runs from 1 June 2026 to 31 May 2031, following his appointment as Commissioner from 1 June 2021. Ms Gibson, a deputy commissioner since 27 September 2021 overseeing Regulatory Policy and Enforcement, was reappointed for 27 September 2026 to 26 September 2031, while Ms Badat, a deputy commissioner since 1 December 2021 overseeing Conduct of Business Supervision and the Licensing and Business Centre, was reappointed for 1 December 2026 to 30 November 2031. Deputy Commissioner Astrid Ludin will step down at her request at the end of her term on 31 May 2026. The Minister will shortly initiate the process to appoint a replacement for Ms Ludin and to appoint a fourth deputy commissioner, noting that the legislation provides for up to four deputy commissioners.
South Africa Financial Sector Conduct Authority 2026-03-04
South Africa Financial Sector Conduct Authority renews top leadership with five-year reappointments of commissioner and two deputy commissioners
South Africa's Minister of Finance has reappointed Unathi Kamlana as Commissioner of the Financial Sector Conduct Authority (FSCA) for another five-year term, along with deputy commissioners Katherine Gibson and Farzana Badat. Deputy Commissioner Astrid Ludin will step down at the end of her term on 31 May 2026, and the process to appoint her replacement and a fourth deputy commissioner will commence soon.