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CityPress - - Business - COM­PILED BY ANGELIQUE RUZICKA

SELL YOUR HOME US­ING FNB APP

FNB cus­tomers can now sell their home us­ing the bank’s app and nav», the fi­nan­cial GPS on the FNB bank­ing app. Cus­tomers can se­curely list and sell their homes pri­vately to buy­ers who most likely qual­ify for a home loan. It also saves costs as­so­ci­ated with the process.

Raj Makan­jee, CEO of FNB re­tail, says: “Sub­stan­tial in­vest­ment has been made to en­sure that our dig­i­tal plat­forms are not only help­ful but also built to en­hance the over­all cus­tomer ex­pe­ri­ence; ul­ti­mately help­ing con­sumers to help them­selves.”

The chief imag­i­neer of nav», Jolandé Du­ve­nage, says: “The new func­tion­al­ity al­lows known FNB sell­ers to con­nect with known FNB buy­ers in a re­li­able, cost-sav­ing and se­cure en­vi­ron­ment. This al­lows us to build on our ex­ist­ing home mar­ket­place, which en­ables a client to sell ei­ther through an es­tate agent or pri­vately.”

Sell­ers and buy­ers can en­gage, ar­range to view a listed prop­erty and ne­go­ti­ate the price via se­cure chat on the FNB bank­ing app.

“Sell­ers and buy­ers can dis­close per­sonal con­tact in­for­ma­tion only when they are com­fort­able to do so,” says Du­ve­nage.

Buy­ers get 50% back in eBucks on the first home loan re­pay­ment and up to 50% off their bond reg­is­tra­tion fees when en­gag­ing with a se­lected panel of at­tor­neys.

FSCA WARNS ABOUT FI­NAN­CIAL GROUP HOUSE DIRECT AND EX­PRESS CASH IN­VEST­MENTS

The Fi­nan­cial Sec­tor Con­duct Author­ity (FSCA) has is­sued a warn­ing about deal­ing with Fi­nan­cial Group House Direct, based in Kemp­ton Park, Gaut­eng, which op­er­ates un­der the com­pany reg­is­tra­tion num­ber 2017/496837.07. It deals in freight in­vest­ment, in­dus­trial in­vest­ment, prop­erty in­vest­ment and forex trad­ing. How­ever, the author­ity has heard that it is of­fer­ing in­vest­ment to mem­bers of the pub­lic, claim­ing that if you in­vest R500, it will turn into R17 006 in just six months.

The FSCA also warns against deal­ing with Ex­press Cash In­vest­ments, which is ad­ver­tis­ing a “dou­ble-your-money in­vest­ment op­por­tu­nity” on Face­book and is col­lect­ing money from in­vestors. It prom­ises a sub­stan­tial re­turn on in­vest­ment. Ex­press Cash In­vest­ments uses fi­nan­cial ser­vice provider (FSP) au­tho­ri­sa­tion num­ber 45799. How­ever, this be­longs to au­tho­rised FSP Ex­press Wealth Fi­nan­cial So­lu­tions, which has no as­so­ci­a­tion or deal­ings with Ex­press Cash In­vest­ments.

If you are un­cer­tain about an in­di­vid­ual or en­tity, the author­ity en­cour­ages you to con­tact its toll-free num­ber 080 011 0443 or visit its web­site at fsca.co.za.

IN­SUR­ANCE TO COVER COSTS OF CYBERBULLYING

The ex­tent of cyberbullying in South Africa has prompted 1st for Women In­sur­ance to launch the first cyberbullying in­sur­ance prod­uct in the coun­try to ad­dress the fi­nan­cial and le­gal bur­dens as­so­ci­ated with cyberbullying.

Casey Rousseau from 1st for Women says: “The costs of ad­dress­ing cyberbullying can be as­tro­nom­i­cal, with lawyers charg­ing about R3 000 an hour for con­sul­ta­tions alone. Also, in many in­stances, le­gal in­ter­ven­tion is needed to put a stop to the bul­ly­ing and bring the per­pe­tra­tors to jus­tice.”

The preva­lence of cyberbullying in South Africa is one of the high­est in the world, with a quar­ter of par­ents re­port­ing that their child had been or was be­ing cy­ber­bul­lied, ac­cord­ing to this year’s Ip­sos Global Ad­vi­sor study con­ducted in 28 coun­tries. The find­ings from an­other sur­vey con­ducted by 1st for Women re­in­forces the mag­ni­tude of this grow­ing prob­lem, with 64% of the 4 000 par­tic­i­pants be­liev­ing their chil­dren were at risk.

Rianette Lei­bowitz, an ex­pert on cyberbullying and founder of SaveTNet Cyber Safety NPC, agrees: “Be­sides the alarm­ing sta­tis­tics, cyberbullying has been the cause of many young peo­ple go­ing as far as taking their own lives.”

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