You can check that you’re not dealing with a hustler on the Verify a Broker platform – Nongcali Rubushe, head of retail and business enablement at the JSE.
You can also listen to this podcast on iono.fm here. ADVERTISEMENT CONTINUE READING BELOW JIMMY MOYAHA: Good evening. I’m your host, Jimmy Moyaha, and we are chatting to the Johannesburg Stock Exchange. It has launched a new tool that’s aimed to help investors identify which businesses to do business with, which businesses could potentially be scams, and how you should be looking out for them.
What we’re finding out is that a lot of people are impersonating JSE members, impersonating the JSE, or impersonating financial service providers. NONGCALI RUBUSHE: It’s something that we found has been increasing a lot in the current year, and it was bigger than just people in institutions impersonating the JSE. It was also people in institutions impersonating legitimate financial service providers.
Nongcali, I want to take a look at some of the other initiatives that the JSE has put in place. Obviously there’s a lot around expanding the offering that the JSE brings to the table. There was a conversation around the recent memorandum of understanding with the Saudi Exchange. And the JSE as a premier exchange on the African continent really is looked to, to almost set the scene or set the tone, for other exchanges to follow.
So in order to make sure that we’re protecting our people, we need to first enlighten them on the right types of financial products and institutions, and secondly make sure that they are engaging with legitimate and credible institutions when they make a decision on how best to actually invest.
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