FSCA investigates alleged financial scams involving Banxso and AfriMarkets

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The FSCA is investigating alleged financial scams by Banxso and AfriMarkets, accused of using deep-fake ads to lure vulnerable investors. With around 90 million rand frozen and licenses provisionally withdrawn, FSCA’s Gerhard van Deventer emphasizes public education and ethical sales practices, stressing accountability for deceptive financial schemes.

30 Oct 2024 9AM English South Africa Investing · Business News

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