Should you be worried about the value of your Mandela Scoin medallions?

Gold coin distributor, Scoin Shop, has come under scrutiny after numerous clients claimed to have been mislead about the growing value of their Mandela medallions.

In an interview 702's John Robbie, managing director Alan Demby said clients didn't take their advice to withhold selling their coins for long periods of time to allow the value to appreciate.

Demby said clients would use the collectibles as a trading method to flip the coins at a quicker rate in order to make profits.

Listen to the interview below:

We've been in the coin market for 40 years. We've always said to invest 30% into cash 30% into property, 30% into shares and the remaining 10% into gold.

Alan Demby, Managing Director of Scoin Shop

It was implicit that you should keep it for a length of time, we then found that people were selling in about 2 years.

Alan Demby, Managing Director of Scoin Shop
Read More
Petrol price back down, but for how long?

Petrol price back down, but for how long?

Rocco Strydom of Elegant Fuel says consumers should enjoy the lower prices while they last.

Ncwane's band manager remembers him for his passion and leadership

Ncwane's band manager remembers him for his passion and leadership

South Africans were shocked to learn of the sudden death of the 37-year-old musician yesterday.

Expert claims reversing payments to creditors threatens debt review process

Expert claims reversing payments to creditors threatens debt review process

Consumers who are under debt review and reverse payments to creditors will affect how payment distribution agents operate.

2016 news wrap: A look back at the stories that grabbed SA's attention

2016 news wrap: A look back at the stories that grabbed SA's attention

Barry Bateman spoke to Stephen Grootes to unpack the meaning behind the stories that dominated the headlines in 2016.

Zuma claims he is only person who has right to appoint commission of inquiry

Zuma claims he is only person who has right to appoint commission of inquiry

Law expert Phephalaphi Dube says Constitution doesn't give Zuma unbridled power regarding state capture report inquiry.

Prasa racks up R14 billion in irregular, fruitless and wasteful expenditure

Prasa racks up R14 billion in irregular, fruitless and wasteful expenditure

Prasa said former CEO, Lucky Montana, must account for the R24 billion being probed over contracts under his watch.