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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
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BHI Ponzi scandal: Investec cuts ties with Global & Local

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

  • Lyse Comins
8 min read