Press Release
21 January 2026
Livestock Wealth Welcomes the Successful Conclusion of the FSCA Investigation
Livestock Wealth is pleased to confirm the conclusion of the two-year investigation conducted by the Financial Sector Conduct Authority (FSCA). The matter originated from a widely publicised FSCA press release issued on 24 January 2024, which cautioned the public when dealing with Livestock Wealth (PTY) LTD (Livestock Wealth) and Livestock Wealth Financial Services (PTY) LTD (Livestock FS).
The press release stated that “It has come to the attention of the FSCA that Livestock Wealth may be unlawfully offering members of the public investment into livestock and/or agricultural product(s), offering profitable returns upon maturity of the livestock and/or agricultural product(s). The Authority points out that Livestock Wealth is not authorised to render any financial services related business in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).“
The release went on to state that “It is of concern that Livestock Wealth has also been making use of Livestock FS’ financial service provider number on Livestock Wealth’s website”. As a result, the Authority has commenced an investigation into Livestock Wealth. Livestock Wealth is currently under investigation by the FSCA.”
The press released caused considerable negative publicity and created anxiety among the public, as well as within our farming network, investor community, and staff members.
Throughout the investigation, Livestock Wealth cooperated fully with the FSCA, responding promptly to all information requests. The FSCA conducted a thorough review of our financial records and analysed every transaction on our platform.
We are happy to report that the lengthy investigation and detailed analysis of our business and business model confirmed that the sale of agricultural products by Livestock Wealth did not contravene the FAIS Act as had been suggested in the press release.
The negative press and mention of unlawful activities created an impression that Livestock Wealth was running a Ponzi type scheme. We made full disclosure to the FSCA about our financial systems, including bank accounts, and accounted for every transaction involving investor funds. The investigation found no unlawful activity by Livestock Wealth regarding their investor products and dealings with investors. In particular, there was no misappropriation of investor funds, and all such funds had been properly accounted for.
We also submitted clear evidence demonstrating that the display of the FSP number of Livestock FSP was aligned with the business plan approved by the FSCA in October 2021 when they granted the Livestock FSP license. Nonetheless, the FSCA resolved to still impose an administrative penalty of R50,000 on Livestock Wealth (Pty) Ltd and similarly on our CEO, Mr. Ntuthuko Shezi, specifically related to the display of the subsidiary’s FSP number on the Livestock Wealth website.
Despite our continued belief that we acted in line with the approved business plan, we elected not to appeal the ruling at the Financial Services Tribunal and have paid the fines in full. We concluded that our immediate focus is better directed toward rebuilding trust, strengthening our market presence, and continuing to deliver value to our stakeholders.
The past 24 months have been among the most challenging in our journey as we continued to operate under a cloud of public scrutiny. We extend our sincere appreciation to our bankers, investors, farmers, partners, and staff for their resilience, confidence, and continued partnership through this period.
With the investigation now concluded, Livestock Wealth is entering its next chapter with renewed commitment and clarity of purpose. Our mission to end inequality and transform investment access — particularly within agriculture — remains firmly at the centre of our work. We are energized and focused on building a stronger future for all who journey with us.