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Funeral home fined R11.4m for unauthorised insurance business – Moonstone Information Refinery

Summary by Moonstone
The Financial Sector Conduct Authority has fined a funeral parlour and its directors more than R11.4 million for conducting financial services and insurance business without authorisation. The directors of Sanda Funeral Home (Pty) Ltd, which is in Uitenhage in the Eastern Cape, have also been debarred. According to the Authority’s administrative penalty order of 13 December last year, Sanda and its directors and key individuals, Sandile Michael …
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Moonstone broke the news in on Monday, February 17, 2025.
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