Today's Big Stories

Alleged SA ponzi scheme MMM under investigation

The controversial investment network MMM Global remains in the spotlight as South African authorities continue with a forensic investigation.

The National Consumer Commission (NCC) says it has not yet determined whether MMM is a pyramid scheme or legitimate stokvel group.

NCC Spokesperson Trevor Hattingh explains the difference between the two and says that the commission is working with the police using information and reports from the South African Reserve Bank.

Hattingh says the commission can only make conclusive statements on MMM once the police probe is complete.

Listen to the full conversation from The Midday Report:

Also read: **Listeners share their MMM scheme experiences**

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