• FSCA Media Release

FSCA warns the public against Gladson Finance Ltd

The Financial Sector Conduct Authority (FSCA) would like to warn the public to act with caution when dealing with Gladson Finance Ltd represented by Mrs Theresa Steyn and/or Caroline Steyn.

The FSCA received information that Gladson Finance Ltd, claiming to represent the ‘Financial Services Board’, is offering loans in exchange of a certain fee percentage they claim is an ‘enclosure fee’. They offer these bogus loans using the e-mail address, gladsonfinanceltd.za@gmail.com. Gladson Finance Ltd further claims to be working in conjunction with a certain Old National Bank represented by a Mr Herbert Eley.

The FSCA confirms that Gladson Finance Ltd is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act), to render any financial advice and intermediary services.

The FSCA 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 110 443) or on the website www.fsca.co.za as to whether or not such institution or person is authorised to render financial services.


Enquiries: Financial Sector Conduct Authority Email address: Communications@fsca.co.za Telephone: 012 422 2919

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