| Unaccountable Case File 00003- Dube Tshidi and the FSCA: Captured Regulator?

Unaccountable Case File 00003

Unaccountable Case File 00003- Dube Tshidi and the FSCA: Captured Regulator?

By Michael Marchant

’Captured Regulator? – Dube Tshidi and the FSCA’ is the third instalment of the Unaccountable profile series. This profile looks at the role of the then chief executive of the Financial Services Board (FSB), Adv. Dube Tshidi and the FSCA in the erroneous cancellation of over 6000 pension funds

Below are the documents cited in this Unaccountable Profile

Open Secrets Investigation- The Bottom Line: Who Profits from Unpaid Pensions

2. Final KPMG Report_FSB-Unpaid-Benefits Download

3. Chantal Hugo Founding Affidavit_Re-registration of Funds Download

4. Letter from FSCA to SAHA_23Jan2019 Download

5. Letter to Min of Finance_30.04.2019 Download

6. Correspondence Open Secrets investigative report 23-October-2019 Download

In Unaccountable 00002, we profiled the conduct of the Liberty Group in the incorrect cancellation of hundreds of pension funds when they still held more than R100m owed to thousands of people. This is part of a far bigger scandal of unpaid pensions due to more than four million southern Africans. This week we look at Dube Tshidi, a regulator who not only effected the erroneous cancellations, but also failed to hold Liberty or any implicated financial sector actors to account. When the public needed effective regulation, the Financial Services Board (FSB) and its long-standing head failed them.

Read Unaccountable 00003: Dube Tshidi and the FSCA- Captured Regulator?