Johannesburg - The Financial Services Board (FSB) on Tuesday warned the public to exercise caution when dealing with an entity going by the name Platinum Investments based in Ermelo, Mpumalanga.
The company, which is soliciting investments over the internet, offers investors two options.
The first promises returns of between 100% to 200% within two days of investment while the second option involves the purchase of shares in an unnamed company, whose shares would purportedly be listed on the JSE Securities Exchange in the coming week.
The FSB said in terms of both options investors are requested to make payments into a bank account held in the name of Makaza Auto Traders cc.
The licence of Makaza Auto Traders cc, previously an authorised financial services provider, was withdrawn on July 9, 2009.
"Platinum Investments is neither an authorised financial services provider nor a representative of an authorised financial services provider," said FSB.
- I-Net Bridge