PODCAST | SA Money Report: Exploring Dark Designs Of Online Loans Allegedly Scamming Thousands

Fin24’s Weekly SA Money Report provides in-depth insights into financial and business histories, as well as a deep dive into the history of the week.

Unless you’ve lived in North Korea, you’ve probably heard of the hit Netflix South of the Border show called Squid game.

Without spoiling too much, one of the key themes of the South Korean show is an examination of the efforts people go through when unbearable debt hangs over their heads like the metaphorical sword of Damocles.

Desperate people do desperate things – anything that can ease their burden. These are the right types of people to entice them to sign up for something, and instead of getting money, they end up losing more of it.

In this week’s episode of Fin24 SA money report, we explore the dark and twisted form of marketing and web design that a class action lawsuit has trapped a crowd of South Africans – some desperate, others just ordinary people in need of a few extra bucks.

Jan Cronje, regular investigative reporter for Fin24, helps us unpack the case.

The goal of Fin24 with this weekly series is to tackle complex issues and break them down in a way that gives listeners a glimpse of a world that can often be impenetrable, either because of very dense numbers, ratios and percentages. , or because you have to navigate in the dark. financial terminology.

New episodes of the show, hosted by Fin24 deputy editor-in-chief Ahmed Areff, will air every Friday.

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