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Sarb imposes R56.25 million penalty, sanctions on Capitec Bank for FIC Act violations
The sanctions comes after inspections were conducted on Capitec Bank in terms of section 45B of the FIC Act in 2021 and 2022. The inspection in 2021 was focused on the retail bank segment and the ...
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Prudential Authority imposes R13 million penalty, sanctions on Standard Bank
The sanctions come after an inspection was conducted on SBSA in terms of section 45B of the FIC Act in 2022. "The PA is mandated to supervise and enforce compliance by accountable institutions ...