Public Notice – PAA Capital (Proprietary) Limited

The Non-Bank Financial Institutions Regulatory Authority (“NBFIRA”) would like to inform members of the public that it has cancelled PAA Capital (Pty) Ltd (PAA Capital)’slicence, in terms of section 15 (b) of the Virtual Assets Act, 2025.

Please note that the effect of the cancellation is that PAA Capitalis no longer permitted to offer any virtual assets services to members of the public including offering, advertising, providing virtual asset exchange, transfer, custody, brokerage, or any regulated virtual asset service; holding itself out as a licensed or regulated VASP and entering into new customer engagements relating to regulated virtual asset activities. Any continued conduct of regulated activities without a valid licence constitutes a contravention of the Act and may attract enforcement action.

PAA Capital is advised to make arrangements to notify its customers, to secure, safeguard, and facilitate the proper return or lawful transfer of customer assets and funds, and closing or transferring customer accounts in accordance with applicable law.

Should you need further information please contact the FinTech Department on 3686100 or 3102595.

Verily Molatedi
ACTING CHIEF EXECUTIVE OFFICER
February 25, 2026