The entities under investigation are:

  NAME OF ENTITY NAME OF OWNER/ CONTACT PERSON ADDRESS PROVINCE
  1.     State Life (Pty) Ltd
 Mr Thapelo Macholo 5 Elizabeth Street

WELKOM

 Free State
  1.     Tefo Funerals
 Ms Xoliswa Bedula

 

 28 Jagger Street, Choice Plaza

MATATIELE

 Eastern Cape
  1.     Tumi’s Funeral Home
 Mr Feli William Ramaseli 97 Cnr Riverside & Motebang Street

WITSIESHOEK

 Free State
  1.     M3 Life Funeral and Financial Services
 Mr K.E Moribe 499 Aukats Street, Huhudi

VRYBURG

 North West
  1.     Six Feet Grave and Burial Funeral Scheme
 Mr Thokozani Dladla

 

 46 Kilma Court, Office 6-8, Cnr 5th & 4th Str

SPRINGS

 Gauteng
  1.     Madito Thusanang Funerals

 

 Mr Isaac Tsagae

 

 PO Box 163

OTTOSDAL

 North West
  1.     Vultures Funeral Administrators
 Mr Katlego Sandford Moribe 1743 Dikgatlong Section

MADIBOGO

 North West
  1.     Semalaleng Trading and Projects
 Mr Semalaleng Paul Lekgetho 339 Boikutso Location

LICHTENBURG

 North West
  1.     Triple Desire Burial Schemes
 Ms Irene Mgidi

 

 Office No 01, Zola One

SOWETO

 Gauteng
  1. The Cow Boys
 Mr Oupa Maetisa

 

 24 Springer Crescent, Reiger Park

BOKSBURG

 Gauteng
  1. Tsomo and Areas Burial Society
 Mr Sithembile Mtati

 

 P O Box 6794, Roggebaai

CAPE TOWN

 Western Cape
  1. ET Funeral Scheme

 

 Ms Tondani Netshakuma NPDG (VGC) Building, Office No. 92

THOHOYANDOU

 Limpopo

 

These entities were requested by the FSB to provide proof that their funeral policies are underwritten by a registered long-term insurance company, as required by law, and were afforded 10 days to respond.  The entities have either failed to respond to this request or have failed to confirm that their funeral policies are underwritten by a registered long-term insurance company.

The FSB investigates and takes action against entities who sell funeral policies to the public whilst such policies are not underwritten by a registered long-term insurance company. This conduct amounts to running unregistered insurance business thus breaching the provisions of the Long-term Insurance Act 52 of 1998.

Entities (including their owners) that breach the provisions of the Long-term Insurance Act 52 of 1998 may be subject to a fine or imprisonment upon conviction.

Any persons having any queries regarding the above-named entities may contact Mr Milton Sebaka on the following contact numbers: 012 422 2875.

Article credit: http://www.fanews.co.za/article/compliance-regulatory/2/fsb-financial-services-board/1059/fsb-warns-against-illegal-funeral-policies-twelve-schemes-under-investigation/20977