strategica_finance

A Ponzi Scheme is an investment fraud that promises quick returns which are higher than normal. Ponzi scheme organisers often promise to invest your money and generate high returns with little to no risk. But in many Ponzi schemes, the fraudsters do not invest the money. Instead, they use it to pay those who invested earlier and may keep some for themselves....

How to Spot a Ponzi Scheme A Ponzi Scheme is an investment fraud that promises quick returns which are higher than normal. Ponzi scheme organisers often promise to invest your money and generate high returns with little to n…

The MPC has increased the CBL Rate by 25 basis points yet again. This effectively increases the CBL Rate from 7.25% to 7.5% and the prime lending rate from 10.75% to 11.00%.

This means that for consumers with a prime-linked debt, their instalments will increase yet again.

For many, it might mean having to make some cuts in their budget just so they can accommodate this increase as well as the (seemingly) ever-increasing cost of living.