BizNews BizNews Radio

FSCA with egg on its face as OVEX gets the green light

Loading player...
South Africa's financial markets watchdog, the Financial Services Conduct Authority ("FSCA") has made a rather embarrassing account for themselves in the last 24 hours. Yesterday morning, a statement was issued that cryptocurrency trading platform OVEX was improperly conducting business without necessary authorisation. Within a matter of hours, the statement was retracted. CEO of OVEX, Jon Ovadia, was part of last night's BizNews Power Hour to clear the air. Just as businesses and individuals get fined by the market watchdog for improper conduct, such as insider trading or collusion, the FSCA should be fined in this case. Its caused unnecessary legacy issues for OVEX and makes investors skittish Learn more about your ad choices. Visit megaphone.fm/adchoices
7 May 2021 8AM English South Africa Investing · Business News

Other recent episodes

Jock of the Bushveld returns: AI brings a South African classic back to life

Jock of the Bushveld, the classic story of how the runt of the litter became the trusted, gutsy companion of Sir Percy FitzPatrick during South Africa’s goldmining era, is one of the country’s most enduring stories. The book once outsold the Bible locally and was adapted into a feature film…
24 Apr 5AM 21 min

Alec Hogg assesses BNC#8: Clem Sunter's penny has finally dropped

Download and read the BNC#8 post-conference PDF here: https://bit.ly/4eB6uCi In a candid address to the Hermanus Rotary Club, BizNews editor Alec Hogg reflects on the key takeaways from BizNews Conference 8, unpacking South Africa’s economic stagnation, governance failures, and the growing realisation that “Pretoria will not provide.” Drawing on insights…
24 Apr 8AM 25 min
All episodes