This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

FSCA investigates alleged financial scams involving Banxso and AfriMarkets

Loading player...

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 With around 90 million rand frozen and licenses provisionally withdrawn, FSCA’s Gerhard van Deventer emphasizes public education and ethical sales practices, stressing accountability for deceptive financial schemes.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

Other recent episodes

BN Edge | GHL: coalitions, Cape Town and the DA's road to 2029 — or earlier

A week after his first election as DA leader, Geordin Hill-Lewis had a queue of rivals telling him what to do. Herman Mashaba wanted Helen Zille out of the picture, Corné Mulder warned against any deal with the ANC, and Julius Malema's lawyers were threatening Zille with court. Speaking to…

11 Nov 10AM 32 min

BN Edge | Corporate cash, coalition pressure: WSM on who calls the shots

Seven of eight metros hung, the ANC on under a third of the vote, and less than a fortnight to form governments. William Saunderson-Meyer told Alec Hogg that Cyril Ramaphosa had finally run out of road to kick the can down, and that his choice between the ANC's heart and…

11 Nov 7AM 33 min

BN Edge | ActionSA's Trollip says it's up to the DA to break coalition standoff

Athol Trollip knows how coalitions end: one made him mayor of Nelson Mandela Bay, another removed him. Speaking to Alec Hogg after ActionSA took dozens of former ANC wards in Gauteng, the party's parliamentary leader argued that the next move belonged to the DA, not ActionSA, and explained why a…

11 Nov 7AM 48 min

Ian Cameron: 1.8 million citizens abandoned on “stone-age lines of hope”

In his latest interview with Chris Steyn, Ian Cameron, Chair of Parliament's Portfolio Committee on Police, reveals the answer he received from Acting Police Minister Firoz Cachalia on the number of abandoned 10111 calls: almost 1.8 million during the 2025-26 financial year. “That's about 5,000 calls per day. I mean…

11 Nov 4AM 19 min

BN Daybreak: Mulder on a DA-ANC deal; Zille stays out of talks; Mashaba's terms; Tatjana Smith

Freedom Front Plus leader Corné Mulder says a DA deal with the ANC in Johannesburg would be the highest form of treason, and that his party would pull out everywhere rather than hand the ANC a lifeline. Analyst Sean McLaughlin reads the result as a step forward: voters rewarded service…

10 Nov 10PM 19 min

All episodes