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...

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