/ 13 November 2023

BHI Ponzi scandal: Investec cuts ties with Global & Local

South African Banks As Nation Endures Longest Recession
Investec has terminated its business relationship with Global & Local, the financial intermediary associated with the R2,7 billion BHI Trust financial scandal that has rocked South Africa. Photographer: Waldo Swiegers/Bloomberg via Getty Images
The bank is terminating its relationship with the financial intermediary which is now directing clients to a business that has a director in common with BHI Trust’s administrator

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