Personal Finance | How did United African Stokvel con so many people?

They are seen as being “endorsed” by the media houses. From the outset, it is important to understand that companies often pay for coverage – they pay for the interviews.

This is a very difficult path for the journalists to walk. As a journalist, one tries to cover new and upcoming investment options to provide these new entrants with some coverage in an industry dominated by large established players. Journalists should do their research, and the investment being offered needs to make sense. But, as an investor, you always need to do your own homework before you invest. You cannot believe something to be legitimate because you heard about it in the media.The other challenge journalists face is defamation. As much as one has a bad feeling about an investment such as UAS, publicly calling them out without any evidence will very quickly land you at the press ombud.

The UAS is not the first and certainly will not be the last investment scam to gain popularity and receive positive media exposure.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Personal Finance | Financial Stress is pushing South Africans to the brinkFrom Covid-19 to the cost of living crisis, research confirms that households are financially frazzled, writes Maya Fisher-French
Source: Fin24 - 🏆 21. / 63 Read more »

Personal Finance | Why women invest less and make better returnsThe gender pay gap and shorter work life may be the reasons, but women make better returns.
Source: City_Press - 🏆 7. / 72 Read more »

Personal Finance | Women shop more, but are financially responsibleWhile women tend to shop more often, it’s the men who tend to make the bigger purchases, averaging R1 681 per basket, compared with R1 342 for women.
Source: City_Press - 🏆 7. / 72 Read more »

Cell C finance chief Lerato Pule quitsLess than a year after taking the reins from Zaf Mahomed, Cell C chief financial officer Lerato Pule has resigned.
Source: TechCentral - 🏆 8. / 71 Read more »