Avoid Scams

How to avoid being


Avoiding scams requires a combination of skepticism, research, and vigilance. Here are some tips to help you steer clear of scams in South Africa:

Fraudsters using DuePoint

Fraudsters often use recognised and reputable brands to front their own scams. They do this by claiming to represent the real organisation to lull people into a sense of security before requesting personal information or cash deposits.

On their website, DuePoint warns about fraudsters purporting to be DuePoint Investments. The scammers primarily use WhatsApp to convince victims to deposit money with the promise of large returns within a few days, with no effort or explanation. These fraudulent syndicates use many South African financial brands to defraud the South African public. The FSCA publish regular warnings on their website and Facebook page.

If you are ever unsure or sceptical of any source, call the respective company directly on their public contact number or contact the FSCA.

Do your research

Before engaging with any opportunity or offer, research the company or individual involved. Look for reviews, testimonials, and complaints from other consumers. Pay attention to warning signs such as a lack of information or negative reviews.

Verify credentials

If the opportunity involves financial investments, check if the company or individual is licensed or registered with the relevant regulatory authorities. For example any business selling financial products should be registered with the Financial Services Conduct Authority (FSCA).

Question unrealistic promises

Be wary of offers that promise quick and easy money with little effort. If something sounds too good to be true, it probably is. Scammers often use unrealistic promises to lure victims into their schemes.

Protect personal information

Never provide sensitive personal information, such as your ID number, bank account details, or passwords, to unknown individuals or companies. Never click on links received via email, sms or WhatsApp even if they seem to come from legitimate sources.

Be Skeptical of High-Pressure Tactics

Scammers often use high-pressure tactics to rush you into making a decision without giving you time to think it over or do your research. Take your time and don’t feel pressured to act immediately.

Verify Contact Information

Scammers may use fake or spoofed phone numbers, email addresses, or websites to appear legitimate. Verify the contact information personally by calling the company directly on their official contact number or by typing their official web address into your browser.

Beware of Unsolicited Offers

Be cautious of unsolicited emails, phone calls, or messages offering you opportunities, especially if you didn’t initiate contact. Scammers often use cold calling or spam emails to target potential victims.

Educate Yourself

Search online to verify your concerns. Websites like your country’s consumer protection agency or financial regulatory authority often provide resources and alerts about the latest scams.

Report Suspected Scams

If you encounter a potential scam or fraudulent activity, report it to the relevant authorities, such as your country’s consumer protection agency, financial regulator, or law enforcement agency. Reporting scams helps protect others and may prevent further fraudulent activities.

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