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MyWealth entities fined R73 million and founder debarred for 20 years
Investors were promised returns of up to 400%, but there was no legitimate financial product or investment activity, the FSCA says.
‘Lack of maintenance or wear and tear’ gave rise to most of the disputes in several categories of insurance.
Read moreInvestors were promised returns of up to 400%, but there was no legitimate financial product or investment activity, the FSCA says.