Vertical Devider


Listen Live
Vertical Devider

On Air Now

On Air - Magic Music Mix

Magic Music Mix

Weekdays: 02:00 - 06:00

Watch Live
Vertical Devider
Reserve Banks warns of investment scams
06:29 (GMT+2), Fri, 29 June 2012
Reserve Banks warns of investment scams
Reserve Banks warns of investment scams
The Reserve Bank says South Africans should take care when choosing investments that offer large returns within a short period.

Bank spokesperson, Hlengani Mathebula, says many of these lucrative options are scams and he has urged people to report suspected pyramid schemes to the police or the Central bank.

He says although there are several investigations underway into schemes in KwaZulu-Natal and Gauteng in particular, the central bank regards this as a national problem.

Mathebula says last year the Reserve Bank instituted 15 new investigations and is still continuing with a further 26.
Print Print Article   |  
Bookmark and Share
Your Comments