Maya on Money | Watchdog fines debt counsellor R1m. That’s not good enough

Author: Maya Fisher-FrenchPublished on: October 5, 2026Country: South Africa

Business & Economy

Maya on Money | Watchdog fines debt counsellor R1m. That’s not good enough

The financial regulator fined a debt counsellor R1 million, but this is considered insufficient. The article does not specify the name of the counsellor or the exact reasons for the penalty. The decision raises concerns about regulation and consumer protection in South Africa's debt counselling sector.

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