Thembnkululeko Construction (Pty) Ltd (FSP 53486)

Administrative penalty imposed. FSCA, 10 April 2026.

Record ID: za-fsca-2026-0003
Jurisdiction: South Africa
Regulator: FSCA
Type: penalty notice
Date decided: 10 April 2026
Respondent type: private
Sector: financial services
Violations: financial services regulatory violations
Provisions cited: not specified in the source
Outcome: administrative penalty imposed
Penalty: ZAR 350,000 (≈ USD 19,000 at the decision date)
Status: final
Source: Official document ↗
Source integrity: SHA-256 fd74d2ca64118c44…
Record verified: 30 July 2026

The facts

Following an inspection under its Financial Intelligence Centre Act supervisory programme, the FSCA found Thembnkululeko Construction (Pty) Ltd, a licensed financial services provider and accountable institution, in breach of the FIC Act's Risk Management and Compliance Programme requirements, without an effective compliance function, and in default of a 2024 Directive to Provide Information that all supervised accountable institutions were required to complete.

Orders and outcome

An administrative penalty of R350 000 was imposed. Dated 10 April 2026.

FINANCIAL-REGULATION

Cite this decision

FSCA (South Africa), Thembnkululeko Construction (Pty) Ltd (FSP 53486), penalty notice of 10 April 2026. African Data Protection Enforcement Tracker, Law Lab Africa Research, https://research.lawlab.africa/tracker/south-africa/fsca/2026/thembnkululeko-construction-penalty/ (accessed 23 October 2026).

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