SA Corona Virus Online Portal Logo


Tag Archives | warning


Crowd1 – FSCA issues warning

In a recent media release the Financial Sector Conduct Authority (FSCA) warns the public against Crowd1, an entity which is not authorised to render the financial services it is providing. “Crowd1 is neither an authorised Financial Service Provider (FSP), nor is it a representative of an authorised FSP. There is also no record of this […]

Continue Reading

Scams and get-rich-quick schemes – Tips and warning signals

As part of the FSCA’s Consumer Education Departments’ mandate to provide guidance to consumers in order to make better financial choices and to live a financially successful life, regular articles are published on their website In one of their recent articles, they provide tips and valuable input to better understand scams and get-rich-quick schemes. […]

Continue Reading

NCR warns against loan scam – National Credit Regulator issues public warning

The National Credit Regulator (NCR) has recently warned consumers against fake credit providers offering loan scams. “These scams typically target those who are in distressed financial circumstances and looking for a loan, using slogans such as “blacklisted” or “debt review clients welcome”, Jacqueline Peters, Manager: Investigations and Enforcement at the NCR explains. According to Peters […]

Continue Reading

FSB Public Warnings

The Regulator recently issued three warnings to the public via media releases: Eastern Cape Tracing Agents “A certain Mr Matshaya is operating as a tracing agent in the Mdantsane area in the Eastern Cape. He claims to be an agent for beneficiaries of unclaimed benefits.” “While a person who believes that he or she is […]

Continue Reading

SuraPure Update

The Financial Services Board published a warning against conducting business with a Mr Cornelius Petrus van der Merwe and Invest Daily Profit (IDP) who appears to be acting as a financial services provider, and was taking money from unsuspecting members of the public, stating that he was investing the money on their behalf and promising […]

Continue Reading