The events that have unfolded in the DA have shown that Zille has more influence than Maimane. He serves at her pleasure, writes Ralph Mathekga.
High level clouds. Mild.
A stokvel association warned South Africans that 'WhatsApp stokvels' are likely pyramid schemes, not a way to save.
Pipcoin creater Ref Wayne resurfaced recently — again promising returns that are too good to be true. But don't be fooled, warns investment expert Simon Brown.
The South African Reserve Bank investigated 27 money scams in 2016 and resolved 63 probes from previous years, according to the Bank Supervision Department's Annual Report.
That Z stands for Zuma ANC. It's a gangster's paradise. Its a gold rush. But pyramid schemes normally collapse.
The Sarb's new campaign "Easy come. Easy go.' seeks to fight illegal deposit-taking schemes and advance-fee schemes.
WATCH: Capitec CEO Gerrie Fourie says banks and regulators should work together to protect their clients from Ponzi and pyramid schemes.
MMM SA members stand to lose thousands of rands after their accounts were frozen and the mavros points system reset due to a lack of money entering the alleged pyramid scheme.
News24 has ordered a website linked to alleged pyramid scheme MMM to remove a fake apology that seeks forgiveness for publishing stories about the Russian-created scheme.
MMM members in it to make their fortune have joined with the “wrong motives” and could quite easily lose out, says a business consultant linked the scheme.
An investigation into whether MMM is breaching any laws in South Africa has become a priority, the Directorate for Priority Crime Investigation (Hawks) has said.
The returns promised to investors by BTC Global were financially impossible. In fact, not enough money existed in the world for the weekly interest they were guaranteeing.
A victim of the MMM scam has issued a warning that the online scheme is growing through its rebooted pyramid in SA, while previous "investors" are verbally abused for speaking out.
A number of scams have surfaced this past year. We point out the scams you should look out for.
The South African Banking Risk Information Centre highlights ways one can spot a money scheme.
Capitec Bank says the onus is on clients to prove their banking activity is not fraudulent, after which it will unlock closed accounts.
Faced with empty wallets and rising costs, South Africans are placing their faith in “get rich quick” schemes that lure desperate consumers with promises of unrealistic returns.
Many MMM investors believe banks are out to get them, but the truth is that the industry genuinely wants to protect them from products that will wipe out their savings, says Asisa.
In an attempt to discredit the media and the SA government, a website appearing to be of MMM SA has published a fake apology from News24 for “blackmailing” the scheme.
Stokvel members are being targeted to join the alleged pyramid scheme MMM, says Andile Mazwai, CEO of the National Stokvel Association of SA.
The MMM SA community has applied to the Pretoria High Court to get clarity on whether its donation-based network of users is a Ponzi or pyramid scheme, it has announced.
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