20°C / 22°C
  • Thu
  • 21°C
  • 3°C
  • Fri
  • 17°C
  • 4°C
  • Sat
  • 18°C
  • 6°C
  • Sun
  • 17°C
  • 5°C
  • Mon
  • 18°C
  • 3°C
  • Tue
  • 17°C
  • 2°C
  • Thu
  • 20°C
  • 8°C
  • Fri
  • 20°C
  • 10°C
  • Sat
  • 16°C
  • 11°C
  • Sun
  • 17°C
  • 10°C
  • Mon
  • 17°C
  • 11°C
  • Tue
  • 19°C
  • 9°C
  • Thu
  • 21°C
  • 5°C
  • Fri
  • 19°C
  • 5°C
  • Sat
  • 19°C
  • 5°C
  • Sun
  • 19°C
  • 6°C
  • Mon
  • 19°C
  • 6°C
  • Tue
  • 18°C
  • 5°C
  • Thu
  • 21°C
  • -1°C
  • Fri
  • 20°C
  • 3°C
  • Sat
  • 19°C
  • 4°C
  • Sun
  • 18°C
  • 3°C
  • Mon
  • 18°C
  • 2°C
  • Tue
  • 19°C
  • -1°C
  • Thu
  • 23°C
  • 13°C
  • Fri
  • 25°C
  • 14°C
  • Sat
  • 24°C
  • 13°C
  • Sun
  • 23°C
  • 15°C
  • Mon
  • 22°C
  • 15°C
  • Tue
  • 20°C
  • 14°C
  • Thu
  • 22°C
  • 14°C
  • Fri
  • 25°C
  • 18°C
  • Sat
  • 19°C
  • 13°C
  • Sun
  • 16°C
  • 12°C
  • Mon
  • 17°C
  • 11°C
  • Tue
  • 17°C
  • 10°C
  • Thu
  • 23°C
  • 10°C
  • Fri
  • 20°C
  • 9°C
  • Sat
  • 12°C
  • 9°C
  • Sun
  • 16°C
  • 8°C
  • Mon
  • 18°C
  • 9°C
  • Tue
  • 21°C
  • 7°C
  • Thu
  • 21°C
  • 14°C
  • Fri
  • 20°C
  • 11°C
  • Sat
  • 14°C
  • 11°C
  • Sun
  • 15°C
  • 11°C
  • Mon
  • 16°C
  • 11°C
  • Tue
  • 18°C
  • 11°C
  • Thu
  • 20°C
  • 5°C
  • Fri
  • 19°C
  • 4°C
  • Sat
  • 20°C
  • 7°C
  • Sun
  • 21°C
  • 6°C
  • Mon
  • 19°C
  • 5°C
  • Tue
  • 19°C
  • 5°C
  • Thu
  • 18°C
  • 1°C
  • Fri
  • 16°C
  • 2°C
  • Sat
  • 16°C
  • 3°C
  • Sun
  • 14°C
  • 2°C
  • Mon
  • 15°C
  • 0°C
  • Tue
  • 17°C
  • 0°C
  • Thu
  • 20°C
  • 5°C
  • Fri
  • 22°C
  • 6°C
  • Sat
  • 22°C
  • 6°C
  • Sun
  • 23°C
  • 6°C
  • Mon
  • 20°C
  • 6°C
  • Tue
  • 18°C
  • 8°C
  • Thu
  • 24°C
  • 12°C
  • Fri
  • 25°C
  • 16°C
  • Sat
  • 18°C
  • 12°C
  • Sun
  • 15°C
  • 10°C
  • Mon
  • 15°C
  • 9°C
  • Tue
  • 17°C
  • 8°C

MMM cries foul over being labelled ponzi scheme

Members say they're confident a high court will rule that it is not a ponzi scheme.

Picture: Christa Eybers/EWN.

JOHANNESBURG - Members representing South Africa's MMM community say they have applied to the High Court in Pretoria for clarity on whether the donation based network is considered a ponzi or pyramid scheme.

Members say they are confident the court will rule that it is not a ponzi scheme.

The National Consumer Commission says it's under investigation.

At the same time, the Hawks are looking into the matter after receiving a complaint.

Deon Jansen van Rensburg, who is an advisor for MMM, says the commission made this claim without properly investigating.

"The commission announced in the media that this is a pyramid scheme on the one hand, and the other hand they say, 'well we don't have the forensic capabilities to investigate. It is extremely concerning to declare something a scheme and admit you haven't really investigated and say 'we are giving it to somebody to investigate for us.'"

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus