The Instagram site of Themba Selahle, better known by his social media name of 'Grootman', has been taken offline, days after SA's financial watchdog warned the public that he did not have a licence to trade foreign currency. | Fin24
The Instagram site of Themba Selahle, better known by his social media name of"Grootman", has been taken offline, days after SA's financial watchdogWhen attempting to visit the page, a message reads,"Sorry, this page isn't available". Before the site went offline, Selahle had 340 000 followers. A spokesperson for Meta, which owns Instagram, said that Selahle was found to have violated the site's standards.
Selahle, whose feed was full of lavish shopping sprees and expensive cars, claimed to be able to make vast, almost immediate gains for investors by trading forex, without explaining how he was able to do this. Earlier this month the Financial Sector Conduct Authority warned he was not licensed to trade forex or offer any financial services. It warned the public against doing business with him, saying he promises"high and unreasonable" returns and blocks investors who complain."I am not going to watch people suffer while I have solutions that don't harm anyone," he wrote.In times of uncertainty you need journalism you can trust.
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