South Africa’s FSCA permanently withdraws Mixirite’s financial services licence and expands investigation

AI-assisted source summary · not independently verified. Content standards

South Africa’s FSCA has permanently withdrawn Mixirite’s financial services licence, with the decision taking immediate effect. The regulator said the company engaged in aggressive, high-pressure sales, provided financial advice without authorisation, promised unrealistic or guaranteed returns, conducted inadequate suitability assessments and had governance issues; Mixirite did not oppose the withdrawal but disagreed with the investigation’s findings. The FSCA has also expanded its investigation to Complyxpert, Start Stream, Rayn Investments and Advice 365, as well as their key personnel.