Reserve Bank warns of scams

Published Dec 5, 2017

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JOHANNESBURG - The South African Reserve Bank (SARB) has been notified about emails that purport to be correspondence from the SARB’s senior executives, in which recipients are informed that they have payments due to them by the SARB. 

This correspondence goes further to say that the release of these funds is conditional on the recipient paying a certain fee.

"These emails are clearly a scam. They are not legitimate correspondence from the SARB. The nature of the activities that the SARB undertakes is such that the SARB does not make payments to, nor does it receive them from, the public, both locally and abroad. Any emails or other forms of correspondence purporting to be from the SARB and informing recipients of funds due to them by the SARB must be rejected as a scam," the SARB said in a statement.

One of the scam emails doing the rounds. Image: Supplied.

The SARB further urged the public not to fall for these or other scams in which they said typically increase in number and scale during this time of the year.

- BUSINESS REPORT ONLINE 

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