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Legal

FAIS Disclosure

Last updated November 2024

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FAIS Statutory Disclosures (PDF, November 2024)

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We hereby provide you with information in terms of the Financial Advisory and Intermediary Services Act No. 37 of 2002. As a valued Afridax client, you have the right to the information contained in this notice. Please familiarise yourself with the contents of this document. Please note that this does not form part of any financial needs analysis conducted by Afridax.


Details of the Financial Services Provider

Name: Afridax (Pty) Ltd FSP Number: FSP 54234 Postal Address: PO Box 3352, Dainfern, 2055 Contact Details: Support: www.afridax.com/support
Website: www.afridax.com
Compliance Officer: Talita Olivier
40Two Compliance Services
Email:

Legal Status

  • A private company established in 2023
  • A licensed financial services provider since 15 November 2024
  • Afridax does not have a strategic shareholding in any other companies

Professional Indemnity Cover

As a Crypto Asset service provider Afridax is currently exempt from the requirement to hold Professional Indemnity cover.


Conflicts of Interest Disclosure

Afridax has a Conflict-of-Interest management policy which places all client interest before those of the company and its staff. A copy thereof is available upon request.


Terms of Use

All services are provided online. Terms of Use can be found here: www.afridax.com/terms


Authorised Products and Services

Afridax is authorised to provide Category I services in respect of the following products:

Product Category I Intermediary Services
Long-term Deposits
Short-term Deposits
Crypto Assets

Key Individuals and Representatives

The key individuals and representatives authorised under FAIS to oversee Afridax's products and services are listed on the Financial Sector Conduct Authority ("FSCA") website along with the details of products and services they may provide.

Afridax will inform you if any representative is acting under supervision.

Please review www.fsca.co.za for more information.


Complaints Management

Afridax has a client complaints management policy which is available at: www.afridax.com/complaints-policy

If you would like to submit a complaint, please review our policy and submit the details thereof to us in writing. Any complaints received must be logged, recorded and acknowledged. We commit to address them fully, timeously and professionally.

If you are dissatisfied with the resolution of your complaint, you are entitled to refer it to the FAIS Ombud.

Details of the FAIS Ombudsman

Name: Naresh Sunesh Tulsie Physical Address: Menlyn Central, 125 Dallas Avenue Menlyn, Waterkloof Glen, Pretoria, 0081 Postal Address: P O Box 41, Menlyn Park, 0063 Telephone: (012) 762-5000 Website: www.faisombud.co.za

Protection of Personal Information

To protect your personal information, Afridax has established a Privacy Policy in terms of which your rights are protected. The policy provides details on how we use, store and protect your information. Please review the policy before using our services: www.afridax.com/privacy


Undertaking

We commit to act with honesty and integrity and strive to serve and protect your interests while providing a professional service and world-class platform.