Stroke victim loses R450,000 disability money on online trading platform

Loading player...
Another BizNews tribe member has suffered a huge online trading platform loss. In this interview with Chris Steyn, Tommy Salem describes how he ended up on the FXSI platform after clicking on a clip showing AfriForum’s Kallie Kriel before losing R450 000 in two months. It was money Tommy could ill afford to lose: “I had a stroke. So I was at home for a year and I was busy with the therapy and that didn't work out and the company then decided to put me on permanent incapacity leave. ..That was money I received from my insurance and my incapacity benefit…it's painful to lose so much money…” In its response to BizNews, FXSI stated: “The complaint was received on 28 July 2026, acknowledged, and remains under formal investigation…As the matter is ongoing, it would be inappropriate to comment publicly on the allegations or speculate on the outcome.”
4 Aug 11AM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Piet Viljoen says smart money is buying South Africa

Two big JSE companies had received buyout offers in under a month, one of them listed for 62 years, and value investor Piet Viljoen said both deals undervalued the businesses on a ten-year view. He also expected most shareholders to take the money anyway. A day after Sanlam's R505-a-share offer…
6 Oct 10AM 25 min

“Fearless” politics to rid SA of the cadres & the comrades

The CEO of the South African Housing and Infrastructure Fund and President of the new political party, MOVE SA, Rali Mampeule, has joined the hotly-contested race for Mayor of the City of Johannesburg. In this interview with Chris Steyn, he expresses confidence that he can duplicate in the public sector…
6 Oct 7AM 17 min

Ian Cameron: "The deep, dark pit of underworld mess"

In his latest interview with Chris Steyn, Ian Cameron, the chairperson of Parliament's Portfolio Committee on Police, reveals details of his 30-day campaign to expose convicted sexual offenders. “I've decided that if they won't make the National Register for Sex Offenders public, then we'll start releasing the names and the…
6 Oct 7AM 17 min