NCC acting commissioner Thezi Mabuza said: “No arrests have yet been made in relation to Up Money as investigations are continuing. The directors of Up Money have not been barred nor declared unfit as directors.
A day after the National Consumer Commission exposed the Up Money “grocery stokvel” as a pyramid scheme, the administrator of the Up Money Club Facebook page on Wednesday changed its name to MLM and began promoting “the amazing Mufhiwa Building Project for only R200”.already has 7466 members and has promoters and members in Botswana, Namibia as well as South Africa.
In a promotional video, Ngcai said: “There are five stages that one has to go through to get their home built or be it buying land or doing renovations to your home, or it can be that you want to add to your property portfolio.
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