Six alleged bogus investment scammers, together with 25 call-centre agents, were arrested on Tuesday, 27 January 2026, for contravening the Financial Advisory and Intermediary Services Act.
The suspects, aged between 38 and 61, were arrested in Johannesburg, Gauteng, during a multi-agency joint takedown operation.
Interpol, the Hawks, the South African Revenue Service Forensic Investigation team, and various banks contributed to the operation.
Standard Bank and First National Bank (FNB) were directly involved,…
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Fun South African Fact: Vilakazi Street in Soweto has been home to two Nobel Peace Prize winners. A tour through Soweto will always stop at Vilakazi Street to reveal a number of heritage sites of great importance to democratic South Africa. Both Nelson Mandela and Archbishop Desmond Tutu lived here at some point in their lives. In 1984, Archbishop Desmond Tutu received the Nobel Peace Prize in recognition for his non-violent fight against the apartheid regime. Nine years later in 1993, Nelson Mandela shared the Nobel Peace Prize with then-president F.W. de Klerk as an award for their role in bringing about the peaceful end of apartheid. Nelson Mandela then went on to become South Africa’s first democratically elected president in 1994.