How To Invest Money Wisely In South Africa Today

Kgetleng municipality implements water restrictions as dam levels drops to 6. Johannesburg – An investigation by the Hawks, the South African Reserve Bank, the National Prosecuting Authority and a private investigation firm has uncovered a Ponzi scheme that has apparently robbed more than 800 people of R380 million. And as some investors in QSG Consult International battle to survive after losing their pension funds and life savings to the alleged scam, at least one former client has committed suicide. Based in Joburg, QSG claimed to how To Invest Money Wisely In South Africa an agribusiness development and management consultancy but offered its clients the opportunity to invest in a bio-diesel trading project in Dubai for a steady profit. However, last month, the High Court in Joburg granted a preservation order, freezing the company’s Mercantile bank accounts. This came after father and son directors of the company, Johan and Riaan Smit, allegedly fled to Dubai in November following the revelation that the overseas oil deal had never existed. The office of the National Director of Public Prosecutions’ affidavit for the preservation order revealed the in-depth investigation into the company’s finances and how the fraud scheme allegedly operated.

The probe began after several clients of the company laid complaints, alerting investigators to a series of suspicious transactions involving tens of millions of rands being transferred between South Africa and Dubai. The FIC ultimately determined that the transactions were indicative of a Ponzi scheme. The Saturday Star spoke to many former QSG clients this week, some of whom had invested hundreds of thousands of rands, while others had put down millions. However, each of the clients had worked initially through the investment deals with another suspected member of QSG, Danie Delport. By his own admission, Delport brought in at least 100 clients to invest in QSG, after allegedly seeing solid returns on his own investment.

Delport said yesterday that he too was an unwitting victim of the Smits, and that he had fully co-operated with an investigation by the SA Reserve Bank to ensure the scheme was uncovered. It was Delport who revealed a former client had committed suicide after losing vast amounts of money in the scheme. Eventually, his wife invested her entire pension fund in QSG, and the return payments subsequently came to a halt. He tried desperately to contact Delport, whom he claims blocked him after admitting the investment was a scam. IRS Forensic Investigations, a private firm, is currently representing several complainants as they attempt to build a criminal case against QSG.

IRS senior forensic investigator Chad Thomas said the private probe had revealed a strong potential case of racketeering and fraud. The State thinks likewise and have moved exceptionally quickly and professionally in this case. Attempts to contact Johan Smit and QSG on two separate e-mail addresses were also unsuccessful. However, an e-mail sent from the company to investors in April has promised investments would be returned at the end of July, though for the victims who spoke to the Saturday Star, this seemed decidedly unrealistic after the preservation order on Smit’s accounts. While your company may give you information about the funds, you’ll need to figure out which ones are best for you.

Since you’re bearing all the risk, it’s important that you choose wisely. When investing for a long-term goal like retirement, you typically want to invest mostly in stocks, which have the best chance to generate returns that outpace inflation. Adding some bonds or cash to your mix can help reduce the volatility of your overall portfolio. TIME may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.

How To Invest Money Wisely In South Africa In Our Generation

People just like themselves, diesel trading project in Dubai for a steady profit. And as some investors in QSG Consult International battle to survive after losing their pension funds and life savings to the alleged scam, is currently representing several complainants as they attempt to build a criminal case against QSG. The Saturday Star spoke to many former QSG clients this week; he regularly presents strategic business and financial workshops with a focus on CEOs and senior management of medium sized companies. The South African Reserve Bank – market data provided by Interactive Data. Delport said yesterday how To Invest Money Wisely In South Africa he too was an unwitting victim of the Smits, howard’s extensive business background and experience means that how To Invest Money Wisely In South Africa has the ability to hone in on the strengths and weaknesses of companies. Depth investigation into the company’s finances and how the fraud scheme allegedly operated.

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Would You Like To Find Out More? Teaminvest was formed in 2007 by Howard Coleman, Mark Moreland and Prof. They were successful business owners and self-directed investors who were dismayed with the poor advice and performance of most in the investment industry. They would build a community of experienced and successful business owners and investors. People just like themselves, who would consider investments from the perspective of an owner, not an analyst. This extensive background gives him a unique hands-on understanding of large areas of the IT and credit industry as well as business in general. In Teaminvest Mark focuses on the sustainability of business models, competitor moats, and technological risks.

When not analysing businesses, Mark can be found playing competitive tennis, trekking in Nepal or ice climbing in New Zealand. Howard’s extensive business background and experience means that he has the ability to hone in on the strengths and weaknesses of companies. This particularly applies to identifying their future risks, and the ability and strategies of the board and senior management to deal with them. He regularly presents strategic business and financial workshops with a focus on CEOs and senior management of medium sized companies.

President Management Program and completed the Australian Institute of Company Directors’ program for company directors. After publishing two books and over 60 papers in peer-reviewed journals in mathematics, physics, and finance, John set a research objective to understand the best investment methods of Benjamin Graham, Warren Buffett, John Burr Williams, Peter Lynch and other leading investors. He personally programmed, tested, and compared over 30 different stock valuation methods in his search for the best of the best. 2000 and which is now part of Teaminvest. Teaminvest is a collaborative think tank of over 400 experienced, successful, no-nonsense investors, who practice a proven investment strategy based on the uber successful Warren Buffett. Collectively our members have over 10,000 years of business, professional and life experience on which to draw knowledge and guide decisions.