The National Consumer Tribunal (NCT) has fined Up Money (PTY) Ltd an administrative fine of R1 million for conducting a pyramid scheme and contravening Section 43 (2) of the Consumer Protection Act (CPA)...
"Too good to be true" is an adage that typically services you well when it comes to your money, especially in a world full of myths and conspiracy theories, Ponzi deals, pyramid schemes and promises of the Next Big Thing...
Andrew Friedman 9 Feb 2021
The Direct Selling Association of South Africa (DSA) is imploring the African Union (AU) to initiate a continent-wide effort to stamp out Ponzi schemes...
First seasons of Alex Rider, Enslaved, Florida Girls, Jett, L.A.'s Finest, On Becoming a God In Central Florida, and Years and Years...
Issued by Showmax 9 Oct 2020
In another twist, the South African Bitcoin trading company under investigation by the Financial Services Conduct Authority (FSCA) and on the radar of other international financial regulatory entities...
The current economic conditions are a perfect breeding ground for an increase in get-rich-quick Ponzi and pyramid schemes, warns Mthunzi Mbali, vice-chairman of the Direct Selling Association...
Buddha in Africa; Trackers; The Herd; Carnage; the winning Silwerskerm short films; Stroop; and more..
Issued by Showmax 26 Nov 2019
It used to be that the only way you could get that kind of return, was to start a community of zealots and then get your followers to appreciate the privilege of investing in your cause for a hard-to-believe return...
Sid Peimer 14 Mar 2019
We've compiled our annual #BestofBiz 2016 lists across all our industries featuring our most popular articles, most-read contributors and brand press offices with the most views...
For South Africans wishing to generate more income, they may consider joining a direct sales company or a multi-level marketing company. However, they must be sure that this isn't in fact an illegal pyramid scheme...
Sanlam and Avocado Vision have teamed up to empower communities countrywide with basic financial skills and insight to enable them to make better financial choices and encourage savings.
It is no accident that few people have ever heard of Rayhaan Hassim, the driving force behind Aucor, one of South Africa's biggest auction houses and a ream of other businesses. He is obsessively private. No photographs of him appear on any of his companies websites and he refused to be photographed by Business Times.
Tina Weavind 17 Sep 2013
FinFive director, Van Zyl Botha explains why you needn't look further than your existing bond for a good investment opportunity.
The hotel industry in Durban has been shaken up by the forced liquidation of a boutique hotel management company following claims that its directors misappropriated money and were in effect running the business like a pyramid scheme.
The South African Reserve Bank yesterday launched an awareness campaign aimed at educating members of the public about the risks of investing in pyramid schemes.
The National Stokvel Association of South Africa says there are about 800,000 active stokvels in the country. Stokvels help around 10-million South Africans save for a rainy day and to manage their finances, Sowetan Live reports.
Dear Sir/Madam. Hi there. Greetings. Howdy. Howzit. Dear Beloved. However you choose to kick off your business emails, there's a message there. And that message is the very first impression your reader gets. So you may as well get it right.
Tiffany Markman 4 Jul 2011
South Africa's Regulation of Interception of Communications Act (RICA) is intended to help authorities track down subscribers with SIM cards linked to criminal activity, notes Leon Perlman, chairman of Wireless Application Service Providers' Association of South Africa (WASPA). "However, it provides little or no protection from scammers, who may work around its constraints or even use international numbers to launch their schemes," he says.
A standing ovation before the first tea break at Design Indaba yesterday, Thursday, 22 February 2007, for Massimo and Lella Vignelli, New York-based design and life partners, was just one of the highlights of the day. Obsolescence is a social crime, challenges Vignelli, for although there would be no fashion industry without it, design does not need to be trendy.
Terry Levin 23 Feb 2007
Do you still know how to do the Vulcan hand salute? Remember the beehive hairdos from Captain Kirk’s Star Trek odyssey last century? How about the replicator which made you anything you wanted? Well, that might not be as farfetched as we think as Prof Neil Gershenfeld from the USA’s MIT explained in his 20 year roadmap for the future at Design Indaba yesterday, Thursday, 22 February 2007.
Louise Marsland 23 Feb 2007
"There is no shortage of good newspaper journalists in South Africa," remarks Professor Guy Berger, convenor judge of the Mondi Paper Newspaper Awards, following the judging session of the competition's second annual collection of entries. "Judges got a satisfying sense of the stories of our times, the regional flavours and the individual storytellers," he adds.
The 2002 Nat Nakasa award for media integrity and courageous journalism has been won by Justin Arenstein, founding editor of African Eye News Service.