Stokvel scams surge

JOHANNESBURG - Beware of stokvel scammers.

That's the warning from the Financial Sector Conduct Authority.

READ: Association warns of WhatsApp stokvel

It says con artists are targeting one of the most trusted saving schemes in the country.

In the latest incident, a group calling themselves Aquila Investment Management is hard at work.

It promises payments from forex investments, but no returns are ever paid.