The Financial Sector Conduct Authority (FSCA) has warned that you will have no recourse or protection from the regulator if you dabble in transactions that appear to be investments but aren’t.

The caution follows presentations by Karatbars International to the FSCA after the regulator issued a stern warning to investors in November to stay away from Karatbars, a multi-level marketing company offering “investments” to SA consumers via WhatsApp...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now