On the

CityPress - - Business - COM­PILED BY NEESA MOODLEY


The grow­ing de­mand for data us­age and a large por­tion of cus­tomers us­ing the What­sApp mes­sen­ger ser­vice prompted FNB Con­nect to pro­vide the ser­vice for free as an added ben­e­fit.

Ad­di­tion­ally, if you are an FNB Con­nect cus­tomer, you can earn up to 40% back in eBucks on your Con­nect SIM spend.

The free What­sApp pro­mo­tion started on May 1 and runs un­til July 31. Dur­ing this pe­riod, you will be able to use the app with­out in­cur­ring any data costs.


This week 22seven added to its range of low-cost Tax-Free Sav­ings Ac­counts, al­low­ing in­vestors to in­vest off­shore for as lit­tle as R350 a month. 22seven cur­rently of­fers two low-cost in­vest­ment op­tions that can be used for tax-free sav­ings, namely the Old Mu­tual Core Di­ver­si­fied Fund and the Old Mu­tual Top 40 Fund, with no up­front fee and an an­nual cost of only 0.68% a year.

Their new of­fer­ing, the Old Mu­tual Global FTSE RAFI All World Index Feeder Fund, al­lows you to in­vest 100% of your funds into a pure off­shore fund with ex­po­sure to 3 000 in­ter­na­tional com­pa­nies for the same an­nual cost of 0.68%. The fund is avail­able both as a reg­u­lar in­vest­ment and as a Tax-Free Sav­ings Ac­count.


The SA Bank­ing Risk In­for­ma­tion Cen­tre (Sabric) re­cently launched a #Skelm cam­paign on bill­boards through­out Gaut­eng, ad­vis­ing con­sumers to “wise up and watch out” in an ef­fort to get them to think out­side their com­fort zones.

Kalyani Pil­lay, CEO of Sabric, said there had been ques­tions raised about the safety of per­sonal in­for­ma­tion, and any­one ran the risk of be­com­ing a vic­tim of cy­ber­crime.

“The re­spon­si­bil­ity of pro­tect­ing your­self against cy­ber­crime and in­creas­ing your cy­ber­se­cu­rity lies with you. Cy­ber­crime thrives on so­phis­ti­ca­tion, and of­ten the weak­est se­cu­rity links are the con­sumers them­selves.

“As one ex­am­ple, many peo­ple use the same email ad­dress for their busi­ness and per­sonal com­mu­ni­ca­tions,” she said. What you can do:

Use a sec­ondary email ad­dress that is strictly for your bank­ing com­mu­ni­ca­tions;

Make sure your PC and cell­phone are up­dated with the lat­est iOS up­dates and an­tivirus soft­ware;

Cre­ate a new pass­word as soon as you’ve up­dated your soft­ware, and use your sec­ondary email ad­dress as an al­ter­na­tive;

Pub­lic com­put­ers are not con­sid­ered to be safe to use for in­ter­net bank­ing; they are prone to spy­ware and mal­ware, and should be avoided at all costs; and

Im­me­di­ately delete sen­si­tive in­for­ma­tion like bank state­ments from your in­box and save them in a se­cure folder.


The Fi­nan­cial Ser­vices Board (FSB) re­cently is­sued a warn­ing that you should ex­er­cise cau­tion if you deal with Thesgofatso Hold­ings & SE, a com­pany that claims to be reg­is­tered as a fi­nan­cial ser­vices provider.

Thesgofatso Hold­ings & SE is not au­tho­rised in terms of the Fi­nan­cial Ad­vi­sory and In­ter­me­di­ary Ser­vices Act to ren­der any fi­nan­cial ad­vice or in­ter­me­di­ary ser­vices.

The FSB has re­ceived in­for­ma­tion that the com­pany is us­ing an FSB li­cence num­ber to mis­lead the pub­lic into be­liev­ing that it is a reg­is­tered fi­nan­cial ser­vices provider, and has there­fore been pro­vid­ing fi­nan­cial ser­vices il­le­gally. The FSB li­cence num­ber it is us­ing be­longs to an­other au­tho­rised fi­nan­cial ser­vices provider.

Re­mem­ber that be­fore you con­duct any fi­nan­cial ser­vices busi­ness with an in­sti­tu­tion or per­son, you should check with the FSB on ei­ther the toll-free num­ber (080 011 0443) or on the web­site (fsb.co.za) if the in­sti­tu­tion or per­son is in­deed au­tho­rised to ren­der fi­nan­cial ser­vices.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.