HEARD on the street COMPILED BY NEESA MOODLEY
R 380M INVESTMENT FOR SCHOOLS
Barnstone Education and the Schools and Education Investment Impact Fund SA have announced an additional investment as part of the second phase of the Prestige School project, which will fund the development and operations of six Prestige College affordable independent schools. This brings the total finance allocated to the project to date to R380 million.
The deal is the latest of its kind for the Schools Investment Fund, an initiative established for the provision of low-fee independent schools and managed by Old Mutual Alternative Investments.
The Thornview Prestige College is in its second year of operations and the Crystal Park Prestige College in Benoni will open in January. Thereafter, four new Greenfield schools will be developed in Gauteng, with two schools set to open in 2018, one in 2019 and one more in 2020.
This additional investment should provide education for more than 10 000 pupils, but the vision goes beyond this to reach 15 000 pupils by 2020.
Pierre Tredoux, CEO of Barnstone Education, says the company’s vision is to establish a number of schools throughout the country focused on providing quality, affordable education in areas where there is a serious need for additional infrastructure.
SANLAM SOUNDS LOAN SCAM ALARM
Sanlam has issued a warning regarding fraudulent Sanlam loan offers that are being issued to consumers. The offer makes fraudulent use of the Sanlam brand, and is sent via legitimatelooking email addresses from a false entity called Sanlam Loans and via an email inbox called email@example.com.
The emailed offer requests that you complete an “acceptance form” and submit your bank details for a debit order deduction. It is not legitimate and is not linked to Sanlam.
Sanlam’s loan offer is managed through Sanlam Personal Loans, a registered credit provider.
Sophisticated crime syndicates have, in the past, tried to exploit the challenging economic climate by tempting people with low-interest loans.
Sanlam’s forensic investigation unit notes that you should be vigilant and take heed of the following:
Sanlam will never ask you for an upfront payment to process a loan application;
Sanlam will not use a .com email address in its correspondence; and
Spelling and linguistic errors in communications may indicate a scam invitation.
FNB PHISHING SCAM WARNING
If you bank with FNB, be warned that there is a phishing scam on the go and it works like this: You will receive an email notifying you that your one-time PIN has been deactivated.
The email contains a link that you must click on so that you can “reactivate” your one-time PIN service.
Note that this email is fraudulent and will take you to a fake website that imitates the FNB website, where you are then asked to enter your online banking details. It then takes you to a second screen, where you are asked to enter your card number and ATM PIN.
FNB would not ask you to verify your online banking details or ATM PIN via an email. If you receive such an email, delete it immediately, without clicking on any links, and contact your bank.