Don’t fall for WhatsApp get-rich-quick scams

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People are being recruited to join a WhatsApp stokvel or gifting group by paying a joining fee. The idea is that, by “gifting” an amount of money, ranging from R200 to R1?000, you join the group and, in return, you recruit two people under you. Picture: iStock
People are being recruited to join a WhatsApp stokvel or gifting group by paying a joining fee. The idea is that, by “gifting” an amount of money, ranging from R200 to R1?000, you join the group and, in return, you recruit two people under you. Picture: iStock

PERSONAL FINANCE

WhatsApp stokvel scams have been around for a while and have morphed into what’s being called a “WhatsApp gifting circle”.

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