South Africa's Financial Sector Conduct Authority has tabled in Parliament and published its FY2024/25 Integrated Report, outlining performance for the period 1 April 2024 to 31 March 2025 and the authority’s strategic priorities under its three-year Regulation Plan. The report records a clean audit outcome, revenue of ZAR 1.2 billion and a net surplus of ZAR 202 million. The update highlights work to strengthen conduct of business and market integrity frameworks, embed a more risk-based and data-driven supervisory approach, and take enforcement action against misconduct. Reported outputs included the rollout of the two-component retirement system, licensing of 779 financial service providers including 264 crypto asset service providers, issuance of 131 debarment orders, completion of 633 investigations, and the imposition of ZAR 119 million in penalties and fines. The executive committee is listed as Commissioner Unathi Kamlana with Deputy Commissioners A. Ludin, K. Gibson and F. Badat.
South Africa Financial Sector Conduct Authority 2025-10-02
South Africa's Financial Sector Conduct Authority publishes FY2024/25 integrated report with clean audit and ZAR 202 million surplus
South Africa's Financial Sector Conduct Authority published its FY2024/25 Integrated Report, detailing a clean audit, ZAR 1.2 billion in revenue, and a ZAR 202 million net surplus. Key achievements include the rollout of a two-component retirement system, licensing of 779 financial service providers, and ZAR 119 million in penalties. The report emphasizes strengthening market integrity frameworks and adopting a risk-based supervisory approach.