n Personal Finance Newsletter - Property scheme raises warning flags : property

Volume 2006, Issue 312
  • ISSN :



Extracted from text ... Moneyweb's PERSONAL FINANCE PROPERTY Property scheme raises warning flags An authorised financial service provider touting a scheme that can earn R168 000 a year on a salary of R7 000 raises awkward questions about banks' possible over-lending. By JULIUS COBBETT AN authorised financial services provider is marketing a scheme that promises to build up a passive income of R168 000 within one year. All that's required is a monthly salary of R7 000 and a clean credit record. The scheme sounds too good to be true, and would normally raise warning flags among sensible investors. But it also raises questions ..

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