MyZA

News, Directory, Events and Other Stuff

You are here: Home / News / Business / SBG SI Trader – BEWARE

SBG SI Trader – BEWARE

Recently, a fraudulent WhatsApp group has been circulating on social media, claiming affiliation with an investment app called SBG SI Trader.

This app falsely professes connections with Standard Bank, SBG Securities, and other related platforms, including SBG Securities OST. It also mentions the banks FSCA operating license and an employee of the group, David Hodnett.

The bank has warned all investors that this information is fraudulent. Please remain vigilant to avoid falling victim to phishing scams, cybercrime, or unauthorized access by fraudsters.

Be cautious of any other social media, email, phone (WhatsApp or SMS) communications requesting your personal information. Banks will never ask you to share confidential account details such as your password, OTP pin, or bank card PIN through any means of communication.

To stay safe online and prevent security breaches, identity theft, or financial loss, please follow these practices:

  • Always log out of your trading account when you are done using the platform.
  • Avoid using public internet services via your phone or laptop to access your trading account.
  • Do not click on any unsolicited links asking you to update your details.
  • Avoid following unsolicited links from unknown sources.
  • Do not share your personal and trading account details on public platforms or with anyone.

As crime and fraud are on the rise, let us work together to protect your online trading experience. Report any suspicious activity to the Anti-Fraud and Security department at 0800 222 050 or any phishing scams to phishing@standardbank.co.za

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. South Africa is placed 14th in a list of 21 countries ranked by international companies as top prospective investment destinations for 2012 to 2014, according to the 2012 World Investment Report by the UN Conference on Trade and Development (Unctad).