Publications
Partners
Johannesburg - BMW South Africa on Friday warned of a scam, claiming to sell shares to previously disadvantaged people.
The scam, allegedly operated by a company called World Trade Consortium, claims to be in partnership with BMW to sell shares by requesting people's ID numbers and banking details to deduct a R450 administration fee for the first month and then instalments of R68, BMW SA said.
South African citizens cannot easily buy BMW shares, because of exchange control legislation, it said.
BMW shares can only be acquired through the German stock index (DAX).
The scam, allegedly operated by a company called World Trade Consortium, claims to be in partnership with BMW to sell shares by requesting people's ID numbers and banking details to deduct a R450 administration fee for the first month and then instalments of R68, BMW SA said.
South African citizens cannot easily buy BMW shares, because of exchange control legislation, it said.
BMW shares can only be acquired through the German stock index (DAX).
