WATCH: WhatsApp Gifting explained

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    The stokvel titled, Whatsapp Gifting, bears the hallmarks of a pyramid scheme.

     

    A new stokvel has set WhatsApp abuzz. Courtesy #DStv403

    JOHANNESBURG – A new stokvel has set WhatsApp abuzz.

    The stokvel titled, Whatsapp Gifting, bears the hallmarks of a pyramid scheme.

    Participants are urged to invest a minimum of R200, which is said to earn big profits within days.

    Last year, a similar stokvel, failed after only a couple of months.

    Andrew Lukhele from the National Stokvel Association of South Africa has warned against such schemes.

    Watch the video above for more on this story.

    Source: eNCA (https://www.enca.com/news/watch-whatsapp-explained)