The Financial Services Board (FSB) would like to warn the public to act with caution when dealing with Fair Finance, Capital Loans and Daily Finance SA trading as Blue Granite Investments. The abovementioned entities are not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services.
The FSB received information that Fair Finance, Capital Loans and Daily Finance SA trading as Blue Granite Investments are offering loans to members of the public. They claim to be registered financial services provider and sometimes use FSP 20494. This is in fact the registration number of Simon Mbeki Mnyandu, whose licence was withdrawn on 20 June 2012.
The FSB again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSB on either the toll free number (0800 110 443) or on the website www.fsb.co.za as to whether or not such institution or person is authorised to render financial services.