In The News South Africa

No more cashflow as Durban forex duo gets six years in jail

JOHANNESBURG, May 7 – The Financial Sector Conduct Authority (FSCA) on Tuesday welcomed the sentencing of popular Durban foreign exchange (forex) scammer Jabulani “Mr Cashflow” Ngcobo, and his partner in crime Mzabalazo Welcome Dlamini, on several counts of fraud. Ngcobo and Dlamini are known for living a champagne lifestyle, throwing lavish parties and showing off their wealth […]

Business In The News South Africa

SA finance sector watchdog warns public against Dynasty Capital Management

JOHANNESBURG, October 10 – South Africa’s Financial Sector Conduct Authority (FSCA) on Thursday warned the public to act with caution when dealing with Dynasty Capital Management, which it said was not authorised to render financial advice and intermediary services. The FSCA came into being in April to replace the Financial Services Board as a dedicated market […]