The biggest driver of pyramid schemes is ‘greed’

These are the words of Caroline da Silva, Chief Executive Officer for the Financial Services Board, who spoke to Afternoon Drive Host Xolani Gwala about pyramid schemes and whether they’re linked to widely reported retrenchments in some industries.

Listen to Xolani’s conversation with da Silva and National Consumer Commission (NCC) head Ebrahim Mohamed.

It’s understood the NCC is investigating nine investment opportunities believed to be pyramid schemes, and fund curators may be brought on board to try and recover money lost.

Those found to be running pyramid schemes could very well be convicted of fraud.

Read More
Pyramid Schemes 101 (and how to avoid other scams you may not know about)

Pyramid Schemes 101 (and how to avoid other scams you may not know about)

Time and again South Africans (even highflying businesspeople) get caught out by pyramid schemes.

Is Kipi a ponzi scheme or not?

Is Kipi a ponzi scheme or not?

John Robbie spoke to Richard - a staunch supporter of Kipi (a financial social platform) about the credibility of this scheme.

Sars sees record tax returns, Is it a Ponzi scheme?, Lead SA-GIBS on Mandela Day

Sars sees record tax returns, Is it a Ponzi scheme?, Lead SA-GIBS on Mandela Day

The big issues out of CapeTalk's Breakfast with Kieno Kammies and 702's John Robbie Show

US firm claims it uncovered R200-billion Ponzi scheme run by a South African

US firm claims it uncovered R200-billion Ponzi scheme run by a South African

We interview the CEO of OffshoreAlert, the US firm that is accusing Cobus Kellerman of a scam 10x larger than Barry Tannenbaum’s.

5 signs it’s a Ponzi scheme (and not the great investment you imagine it to be)

5 signs it’s a Ponzi scheme (and not the great investment you imagine it to be)

Here’s how to tell the difference between a truly great investment and a pyramid scheme…

Popular articles
Getting to know MP, Dr Makhosi Khoza

Getting to know MP, Dr Makhosi Khoza

Dr Khoza is admired by South Africans for her role in the SABC inquiry as a ANC member of parliament.

10 sexting tips on how to keep things spicy (and safe)

10 sexting tips on how to keep things spicy (and safe)

Interested in sexting but worried about the risks? Dr Eve has created a guideline to help you 'sext' in a fun and responsible way.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Makhabane says Ncwane was feeling weak yesterday and his wife phoned paramedics to check on him.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Michiel le Roux speaks about the fascinating story behind the little bank that has the Big 4 shaking in their boots.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?