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South African, Limpopo Students are making a leaving

  • Writer: Raymond Marule
    Raymond Marule
  • Aug 29, 2018
  • 1 min read

Updated: Nov 30, 2018

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Polokwane - South Africa's "youngest self-made millionaire" has been accused of plagiarising his training company's course material and falsely claiming to have made R30 million in profit.

After 19-year-old Thabang Mabuza shared his success story in the media, several industry players contacted in local stations raising suspicion over the operations of his company Global Forex Institute (GFI).

GFI provides training in currency trading with delegates sometimes shown an account reflecting a R30 million profit and told they would be taught how to do the same.

Questions have been raised about the account's legitimacy and whether it actually belongs to GFI, as claimed on its Facebook page, where a post says: "Now is YOUR time for $$$$. This Saturday 18 July we will host a FREE Forex (foreign exchange) Class at Protea Hotel Umhlanga. You will get to meet the nr1 ranked trader in Africa and we will show you how we made R30 million then you copy our strategy!" 

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It's "risky, volatile, erratic, intense and stressful" -- and is still mostly unregulated.




 
 
 

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