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FSCA

8 Sep, 4 tweets, 3 min read

[Media Release]

The FSCA fines Viceroy Research (#Viceroy) and its partners R50 million for publishing false and misleading statements about Capitec Bank Holdings Ltd.

Read the full statement here: fsca.co.za/News%20Documen…

#FSCAEnforcements #TCF #ConsumerProtection

"The penalty imposed is jointly and severally payable by the Respondents within 30 days from the date of the order."

#Viceroy

"The FSCA found that the Respondents had contravened Section 81(1) of the Financial Markets Act 19 of 2012 (FMA) in that during January 2018 they published false, misleading or deceptive statements, promises or forecasts regarding material facts about Capitec"

#Viceroy

"Although the #Viceroy & its partners, are not financial institutions, &are domiciled in a different jurisdiction, their comments about South African listed securities make them subject to the stipulations of the Financial Markets Act" - Mr. Unathi Kamlana

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FSCA

@FSCA_ZA

8 Sep

#FSCARoundtable

Good morning, today the #FSCA will be briefing the media on the findings of our investigation into Viceroy Research Partnership (#Viceroy).

Today's session is held by our Commissioner, Mr. Unathi Kamlana and is joined by divisional executive: Investigations & Enforcements, Mr. Brandon Topham

#Viceroy #FSCARoundtable

@CapitecBankSA

Mr. Kamlana announces that following the investigation into #Viceroy's report on @CapitecBankSA , an administrative fine of R50 million has been imposed on Viceroy and its partners by the #FSCA.

#FSCARoundtable

Read 5 tweets

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@FSCA_ZA

9 Oct 19

[Media Release]

Today, the FSCA conducted a search at Sekunjalo Investment Holdings (Pty) Ltd premises.

Read our full statement here:
ow.ly/H7YB50wGBIF

There's an error accessing the above statement, therefore we will post it in full:

"The FSCA today, conducted a search and seizure operation at the premises of Sekunjalo Investment Holdings (Pty) Ltd. The operation was conducted as part of an investigation into allegations of prohibited trading practices (market manipulation)...

1/5

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FSCA

@FSCA_ZA

12 Sep 19

Panel 2 is underway. With a focus on "Costs & their implications on retirement savings"

Panelists:
Wilma Mokupo (FSCA)
Mabatho Seeiso
Rowan Burger (ASISA)
Steven Nathan (10x Investments)
Kirshni Totaram (Coronation)
Nerina Visser (etfSA)

#FSCA #RFcon19

Mabatho Seeiso takes delegates at #RFcon19 through the impact of costs on retirement funds

@10Xinvestments

@10Xinvestments's Steven Nathan is up next. He explains why costs matter to both fund managers and investors. "There's an issue of finite returns and infinite costs that need to be balanced."

#RFcon19

Read 11 tweets

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