The FSCA has issued public warning against Tswaraganang Community Stockvel. The stockvel is luring potential investors to invest in their stockvel and promising 50% returns within 30 days. None of the investors have received their returns.
Tswaraganang is not an authorised FSP.
Stockvels add great value to the South African informal investment platform. But members should be very wary of stokvels promising exorbitant returns.
Remember the golden rule, if it’s too good to be true, it probably isn’t true.