Exchange Control Circular No. 20/2021

Circular Reference: Exchange Control Circular No. 20/2021

Circular Date: 20 October 2021

Circular Status: Pending

Cancellation of Cassava Fintech (Pty) Limited and appointment of Sasai Fintech (Pty) Limited as an Authorised Dealer in foreign exchange with limited authority

The appointment of Cassava Fintech (Pty) Limited as a Category Three Authorised Dealer in foreign exchange with limited authority (ADLA) has been cancelled with immediate effect. The name of Cassava Fintech (Pty) Limited will be removed from the list of ADLAs in sections A.2(A) and A.2(B) of the Currency and Exchanges Manual for Authorised Dealers in foreign exchange with limited authority and the Currency and Exchanges Manual for Authorised Dealers (Manuals), respectively, as well as the guidelines documents for business entities and individuals (guidelines documents).

Furthermore, Sasai Fintech (Pty) Limited has been appointed as a Category Three ADLA. The name of Sasai Fintech (Pty) Limited will be added to the list of ADLAs in sections A.2(A) and A.2(B) of the Manuals, respectively, as well as the guideline documents.

The relevant Government Notice is attached hereto and the amended Manuals and guideline documents may be accessed on the South African Reserve Bank’s website, www.resbank.co.za, by the following path: Home > What we do > Financial Surveillance > Financial Surveillance documents.

Head of Department: Financial Surveillance

Cassava Fintech (Pty) Limited, Sasai Fintech (Pty) Limited
View the Circular

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