JOHANNESBURG - A new stokvel has set WhatsApp abuzz.
The stokvel titled, Whatsapp Gifting, bears the hallmarks of a pyramid scheme.
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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