MyZA

News, Directory, Events and Other Stuff

You are here: Home / News / Business / Individuals Impersonating Altvest Capital

Individuals Impersonating Altvest Capital

The Financial Sector Conduct Authority (FSCA) advises caution when engaging in financial services transactions with individuals purporting to be associated with Altvest Capital Solutions (Altvest Capital) and its Chief Executive Officer, Mr Warren Wheatley, via the Telegram platform. Altvest Capital Solutions is a juristic representative of CAEP Asset Managers (Pty) Ltd, authorised under FSP number 33933.
It has come to the attention of the FSCA that the administrators of a Telegram group are claiming an association with Altvest Capital and are soliciting investments from members of the public.
Altvest Capital has confirmed that it is not associated with the administrators of this Telegram group and that it does not conduct business through social media platforms or personal messaging applications. The FSCA was unable to reach the administrators using the contact details available to it.
The public is strongly urged to exercise caution when considering unsolicited investment or trading offers, especially those communicated through social media. There are many fraudsters operating scams, and the number is growing. South Africans lose millions of rands every year to fraudsters. Illegal operations are sometimes well-disguised as legitimate operations.
Be alert to the following red flags:
  • Unrealistic or exaggerated returns
  • Offers made via social media platforms
  • Requests for upfront payments
  • Demands for additional payments to release your investment
  • Charges for training or onboarding
  • Pressure to act quickly or urgently
  • Vague or unclear information about the investment product.
Category: Tag: ,

If you feel strongly about this article then feel free to send MyZA a ‘Letter to the Editor’ using the submission form below:

Letter to the Editor

This field is for validation purposes and should be left unchanged.
If this is in response to an article please include that article title here or as the lead in for the first paragraph of your Letter below.

Separate tags with commas

Localise your letter by naming the city your words are about. Add relevant words describing your subject. Single comma separated words of no more than 5
Your Name(Required)
Your Name will be linked to the website below.
Your personal, business or social media web site
Choose NO to not set up a user account on MyZA. User Accounts will allow you to submit letters under your own Author Name

3 Latest Letters to the Editor:

  • Older Persons Grants Land Today — No Need to Queue at Dawn

    Dear Editor, Older Persons grants are paid today, 30 October, under SASSA’s revised November payment schedule — with disability grants on Monday 2 November, children’s grants on Tuesday 3 November, and grants under review on Thursday 5 November. Two things every beneficiary should know. First, grant money does not expire on payment day. It stays…

  • November Grants Pay Early – No Need to Queue at Dawn

    Dear Editor, I run SAGrant (sagrant.co.za), a free resource helping South Africans navigate SASSA grants. November grants pay earlier than usual. Older Persons grants are paid on Friday 30 October, Disability grants on 2 November, and Child Support and other grants on 3 November. Grants still under review are paid on 5 November. The money…

  • NSFAS 2027 applications close on 31 October — SASSA households, apply now

    Dear Editor, I run SAGrant (sagrant.co.za), a free resource helping South Africans navigate SASSA grants. NSFAS applications for the 2027 academic year close on Friday 31 October 2026, and no extension is expected. If your household receives a SASSA grant, your child already passes the NSFAS financial eligibility test — but they still have to…

Reader Interactions

Comments

  1. Easy business conditions: In the World Bank’s 2017 Doing Business Report, South Africa was ranked 74 out of 190 countries. The ease of doing business not only brings investment into the country, but creates a desirable environment in starting a business. It is relatively easier to start a new venture in South Africa than other economies in the world.