SARB Warns of WhatsApp Investment Scam

The South African Reserve Bank has issued a formal warning regarding a fraudulent WhatsApp group that claims to offer daily stock recommendations from the Governor, which is a critical financial oversight issue.

The Governor, Lesetja Kganyago, is not affiliated with this group or any WhatsApp group offering investment advice or stock recommendations, as confirmed by official statements from the Reserve Bank.

The SARB and the Governor do not provide investment advice, stock recommendations or financial tips through WhatsApp or any other platform, as stated in official communications.

SARB is transferring national payment management functions to ensure financial stability and prevent unauthorized access to sensitive data.

1059 17 Jun 2026 SARB raises the repo rate to 7% as part of its broader monetary policy framework.