VOW 88.1 VOW Moments

WhatsApp Gifting identified as a scam by the National Stokvels Association of South Africa (NSASA)

Loading player...
During the Covid-19 pandemic, South Africans are finding themselves in challenging times.

Financial challenges unfortunately create a space for investment schemes which promise unreliable returns to desperate people. Pyramid or Ponzi schemes seem to be one of the "too good to be true" investements avenues which emerge during tough economic times.

WhatsApp Stokvels first appeared during the later part of 2019 as a new investment option for people who are looking for abnormal returns within a short space of time, as compared to normal benchmarks in the open market.

The National Stokvel Association of South Africa (NSASA) identified WhatsApp Stokvels as a scam. During this Covid-19 pandemic WhatsApp Stokvels have returned under a new name "WhatsAppGifting".

VoW FM host Harvy T, chats to Kevin Ssemwogerere,a Chartered Accountant and Tech Business Development Enthusiast about Pyramid or Ponzi schemes, WhatsApp Stokvels and WhatsApp Gifting.
21 Jul 2020 English South Africa Technology · Music

Other recent episodes

IN CONVERSATION WITH DR VICTOR MASHINDI ON SCIENCE WISE

Dr. Victor Mashindi is an electrochemist and nanomaterials researcher at the University of the Witwatersrand. He has a PhD in chemistry and works at the Molecular Sciences Institute in the School of Chemistry. His research focuses on nanomaterials and electrocatalysts for clean energy technologies. His expertise includes the synthesis of…
17 Feb 33 min

IN CONVERSATION WITH Dr. Charles Helm ON SCIENCE WISE

Dr. Charles Helm is a palaeontologist and ichnologist known for his work on Cretaceous dinosaur trackways and Triassic fish and marine reptiles. He led the successful designation of the Tumbler Ridge UNESCO Global Geopark and has authored nine books, including a children’s book on dinosaurs. Dr. Helm is a research…
10 Feb 30 min

IN CONVERSATION WITH Dr Zakariyyaa Oumar ON SCIENCE WISE

Dr. Oumar serves as the Research, Application and Development Manager at the South African National Space Agency (SANSA), where he leads and drives the development of space-based decision support tools and analytics that address pressing socio-economic and environmental challenges. He is an established researcher with numerous peer-reviewed publications and has…
3 Feb 25 min

IN CONVERSATION WITH Caitlin Wheeler ON SCIENCE WISE

Caitlin Wheeler is a PhD candidate in Human Genetics at the University of the Witwatersrand, conducting her doctoral research in partnership with the CSIR’s Bioengineering and Integrated Genomics Group and the Wits Donald Gordon Medical Research Institute. Her work focuses on developing single-cell reference maps to better understand autoimmune hepatitis…
2 Dec 2025 30 min
All episodes