Banxso empire crumbles after FSCA unleashes R2bn in penalties and 30-year director debarments

Daily Maverick | 10.12.2025 04:50
After a lengthy investigation spanning more than a year, the Financial Sector Conduct Authority (FSCA) finally slapped trading platform Banxso with penalties of more than R2-billion and fined its directors to the tune of a collective R35-million.