the monitor

Guard your money jealously

Batswana continue to be ripped off by promoters of fraudulent investment schemes that promise high returns that even banks or the stock exchange can’t match.

This is despite warnings from competent regulators of products such as collective investment undertakings, who include the Non-Bank Financial Institutions Regulatory Authority, Botswana Stock Exchange, and Competition and Consumer Authority.

The last few days have been painful for several Batswana who invested their money in one such scheme by the name of Ecoplexus. Those who decided to ‘try their luck’ by putting their hard-earned monies into the ‘get-rich-quick scheme’ were left with eggs on their faces following disappointing news that the Ponzi scheme had collapsed.

Editor's Comment
Mob justice isn't just

A young man suspected of breaking into a car was seized by residents, severely assaulted, and died in the hospital within an hour. We unreservedly condemn this mob justice. It is not a solution to crime, but a criminal offence that turns citizens into murderers.Residents are understandably angry about theft. The person who raised the alarm at 4am acted lawfully, and the neighbours who rushed to help showed community spirit. But what followed was...

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