| Action | Effect | Appealable |
|---|---|---|
| Administrative penalty | A fine, with no cap set in the act | To the Financial Services Tribunal |
| Debarment | Bars a person from financial services | To the Tribunal |
| Licence suspension | Business must stop pending resolution | To the Tribunal |
| Licence withdrawal | The licence is cancelled | To the Tribunal |
| Directive | An order to do or stop doing something | To the Tribunal |
| Public warning | A notice that a firm is unlicensed | Not a sanction as such |
| Period | Penalties imposed | Note |
|---|---|---|
| 2024/25 | R2.89 billion | A record, driven by a small number of very large cases |
| 2023/24 | About R143 million | Closer to the historical norm |
| 2022/23 | About R300 million | Includes several market abuse matters |
| Typical individual case | R50,000 to R5 million | Most published actions sit here |
| Check | Where |
|---|---|
| Is the firm licensed | FSCA FAIS register |
| Has it been warned about | FSCA public warnings list |
| Is a representative debarred | FSCA debarment register |
| Has an action been taken | FSCA enforcement matters page |
| Was it appealed | Financial Services Tribunal decisions |
Data maintained by TradeAnswers · updated as the figures change