Latest articles on Pyramid Schemes

High cost of get-rich-quick scams

South Africans are often swindled out of their savings by slick con artists. People need to ask questions and be wary of tempting offers

Rich pickings for Russian con artist

A convicted fraudster is separating gullible South Africans from their money in a scheme with its very own seductive liberation ideology.

SA police bust HIV/Aids pyramid scheme

South African authorities busted a pyramid investment scheme on Tuesday involving a company offering HIV/Aids treatments.

Madoff: The ‘big lie’ that got bigger and bigger

When Bernard Madoff allegedly admitted that his investment company was a "big lie", few realised just how big.

Obama promises ‘adult supervision’ for Wall Street

President-elect Barack Obama has blamed a lack of "adult supervision" for scandals such as Bernard Madoff's alleged $50-billion fraud.

Madoff’s firm to be sold off

US authorities said on Monday they were liquidating Bernard Madoff Investment Securities LLC of New York, following Madoff's arrest for alleged fraud.

Top banks face losses in ‘pyramid’ fraud

Top world financial groups on Monday revealed massive potential losses from an alleged scam run by Wall Street trader Bernard Madoff.

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The inevitable rise in Covid-19 cases and deaths: What the numbers mean

About 20 people in South Africa die each day from the coronavirus, and this number may peak at 300, while positive cases may reach 8 000 a day, according to some projections

Lockdown set to move to level three countrywide from June 1

President Cyril Ramaphosa notes that the behaviour of citizens during level 3 will determine the fate of the nation

Watch it again: Ramaphosa on risk-adjusted Covid-19 strategy

President Cyril Ramaphosa is set to address his fellow South Africans on developments in the risk-adjusted strategy to manage the spread of the coronavirus

Press Releases

Road to recovery for the tourism sector: The South African perspective

The best-case scenario is that South Africa's tourism sector’s recovery will only begin in earnest towards the end of this year

What Africa can learn from Cuba in combating the Covid-19 pandemic

Africa should abandon the neoliberal path to be able to deal with Covid-19 and other health system challenges likely to emerge in future

Coexisting with Covid-19: Saving lives and the economy in India

A staggered exit from the lockdown accompanied by stepped-up testing to cover every district is necessary for India right now

Covid-19: Eased lockdown and rule of law Webinar

If you are arrested and fined in lockdown, you do get a criminal record if you pay the admission of guilt fine

Covid-19 and Frontline Workers

Who is caring for the healthcare workers? 'Working together is how we are going to get through this. It’s not just a marathon, it’s a relay'.

PPS webinar Part 2: Small business, big risk

The risks that businesses face and how they can be dealt with are something all business owners should be well acquainted with

Call for applications for the position of GCRO executive director

The Gauteng City-Region Observatory is seeking to appoint a high-calibre researcher and manager to be the executive director and to lead it

DriveRisk stays safe with high-tech thermal camera solution

Itec Evolve installed the screening device within a few days to help the driver behaviour company become compliant with health and safety regulations