The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Nhlanhla Business Development (Pty) Ltd. Nhlanhla Business Development (Pty) Ltd is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advisory and intermediary services. Nhlanhla Business Development (Pty) Ltd is fraudulently using FSP number 44720 which belongs to Aprix Life (Pty) Ltd. Aprix Life (Pty) Ltd has confirmed that no relationship exists between them and Nhlanhla Development (Pty) Ltd.
The FSCA received information that there is a company named Nhlanhla Business Development (Pty) Ltd which purports to be a financial services provider. Nhlanhla Business Development (Pty) Ltd is owned by Mr Thulani Gasa. Mr Thulani Gasa advertises his business on Facebook and WhatsApp. Nhlanhla Business Development (Pty) Ltd asserts that it is a registered financial services provider. It is the FSCA’s view that the abovementioned entity is conducting unregistered business and providing advisory and intermediary services without the necessary authorisation.
The FSCA again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSCA on either the toll free number (0800 203 722) or on the website www.fsca.co.za as to whether or not such institution or person is authorised to render financial services.