WATCH: WhatsApp Gifting explained

A new stokvel has set WhatsApp abuzz. Courtesy #DStv403

JOHANNESBURG - A new stokvel has set WhatsApp abuzz.

The stokvel titled, Whatsapp Gifting, bears the hallmarks of a pyramid scheme.

WATCH: Association warns of WhatsApp stokvel

Participants are urged to invest a minimum of R200, which is said to earn big profits within days.

Last year, a similar stokvel, failed after only a couple of months.

Andrew Lukhele from the National Stokvel Association of South Africa has warned against such schemes.

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