Read: FirstRand profit slows amid R3.3bn provision for UK auto-loan unit UK finance probe dampens FirstRand's profit forecast South African banks caught in UK's sweeping auto finance probe Investec posts 8% rise in annual profit According to Bloomberg, the potential compensation costs for the industry could be anywhere between £2 billion and £10 billion (approximately R46 billion and R229 billion). Another South African bank with UK operations – Investec – also raised a provision in relation to the FCA probe. Claims in lower courts The FCA undertook to communicate the next steps in the investigation in May 2025, but in the meantime, claims that relate to the commission arrangements are being heard in the UK county courts, instituted by claimant law firms.