SA finance ministry warn public against online scammers
The ministry of finance on Tuesday warned South Africans against scams which purport to be communication from the ministry asking for money in return for backing projects or business plans.
In a statement, the ministry said that in the latest of these scams, a person purporting to be the finance deputy minister has been asking people on Facebook for money in return for funding their projects.
“This person also asks for people’s full names, ID numbers, as well as home addresses. Neither the ministry nor national treasury assists individuals or businesses with the funding of their projects or business plans,” the ministry said.
“The ministry reiterates that such scams can only succeed to the extent that members of the public have an unquenchable thirst for easy wealth. Fellow South Africans who are forever looking for opportunities for making easy money become easy prey for such scams.”
The ministry also urged the public to recognise scams by being extra vigilant of emails asking for bank account information, credit card numbers, driver’s licence numbers, passport numbers, information about members of your family, and other personal information.
“The e-mail or SMS advises that you have won a prize even though you are not aware of having entered any competition run by the prize promoters. The e-mail may be personally addressed to you but it has been posted using bulk mail sending facilities to many others locally and internationally,” the ministry warned.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation

















