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South Africans lose hundreds of millions of rands to Morita Forestry investment scam

Social media influencers helped make the scam possible – and were rewarded handsomely

The Morita Forestry offices in Gauteng. Image: Facebook

Morita Forestry — with an office in Sandton, an address in Colorado, but run from China — has scammed South Africans out of hundreds of millions of rands.
Morita is a pyramid scheme that claimed to pay people out daily if they invested in woodland projects in the US.
Social media influencers and the company’s local director, Puleng Violet Phakisi, encouraged people to invest in the scheme.
Officials from the Department of Forestry, Fisheries and the Environment and the SAPS participated in “trainings” and tree plantings, adding a further veneer of legitimacy to the scheme.
But it ended in tears for thousands this past week when Morita stopped paying out. People ripped…

Read More: South Africans lose hundreds of millions of rands to Morita Forestry investment scam.

Youth Day on June 16 commemorates the 1976 Soweto Uprising, where students protested against
apartheid education policies.

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  1. Fun South African Fact: South African Dr. Christiaan Barnard performed the world’s first heart transplant on 3 December 1967 at Groote Schuur Hospital in Cape Town. The groundbreaking surgery was carried out on Louis Washkansky and Dr. Barnard was assisted by a large and exceptional team of surgeons, nurses and technicians. One of Dr. Barnard’s assistants was Hamilton Naki, a black laboratory assistant who had worked previously as a gardener and went on to work in the animal laboratory at the University of Cape Town. He had assisted Dr Barnard with research leading to the transplant. In the apartheid days, Naki had no access to higher education due to his race. Despite being unable to access formal training, he learned from and assisted university researchers and went on to do astonishing work.

  2. A buddy in Cape Town saw some dude cat calling a coloured woman with that kst kst kst sound, so she turns around and says \”What? You got a puncture in your face or something??\”