Former Fidentia boss J Arthur Brown was fined R150 000 and a given suspended prison sentence on Wednesday for two fraud convictions.
Handing down sentence, Western Cape High Court Judge Anton Veldhuizen said a R75 000 fine applied for each fraud count.
He was also given 18 months in jail for each count, suspended for four years on condition he not be convicted for fraud again.
Brown, 43, looked tired as police officers shackled his wrists and led him out of courtroom 19.
Pensioners, business people and other members of the public in the packed courtroom had mixed expressions of disbelief and relief when the sentence was handed down.
Brown was recently convicted after he made admitted to misrepresentations he made regarding investments entrusted to him.
The State originally laid 192 charges against him.
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