1. Victims of 'R200 WhatsApp stokvels' share their dismay at losses, being blocked by admins  SowetanLIVE
  2. New WhatsApp scam doing the rounds in South Africa  BusinessTech
  3. WhatsApp stokvels: How fraudsters use group chats to steal money  EWN
  4. Don’t fall for the R200 WhatsApp stokvels scam, association warns  SowetanLIVE
  5. Don't get caught out by the R200 WhatsApp stokvel scam spreading across SA!  CapeTalk
  6. View full coverage on Google News
Unemployed and lured by the promise of quick growth on a small cash outlay, Bathabile Zondi is one of many South Africans who have fallen victim to mushrooming 'WhatsApp stokvels'Unemployed and lured by the promise of quick growth on a small cash outlay, Bathabile Zondi is one of many South Africans who have fallen victim to mushrooming 'WhatsApp stokvels'

Victims of 'R200 WhatsApp stokvels' share their dismay at losses, being blocked by admins

A new scam is doing the rounds on WhatsApp in South Africa, promising R1,000 in returns for a R200 ‘investment’.A new scam is doing the rounds on WhatsApp in South Africa, promising R1,000 in returns for a R200 ‘investment’.

New WhatsApp scam doing the rounds in South Africa

Getting to know the difference...Getting to know the difference...

Stokvels and unit trusts

The National Stokvel Association of South Africa says scammers appear to be from trusted saving organisations.The National Stokvel Association of South Africa says scammers appear to be from trusted saving organisations.

Don’t get caught out by the R200 WhatsApp stokvel scam spreading across SA!