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This website claims to offer SASSA social grant beneficiaries loans upto R2200. The website further claims to be connected to Ncedani Investment (PTY) LTD and uses their NCR registration number NCRCP708. Is this altogether legit or we should be careful?

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by (Genius) (10.4m points)
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Hey Larry. www.pensionloan.co.za does not sound at all legit and SASSA beneficiaries will do well to keep away until further notice. Below are few facts that raises suspicions.

  • The domain (website name) www.pensionloan.co.za was only registered last year in March
  • It is registered to an individual by the name of 'Chad Hudson' residing in Gauteng, Sandton - it it NOT registered under Ncedani Investements (PTY) LTD
  • On the application, it states that you can take a picture of the required documents with a phone and send them - now 'text' will not be sufficiently visibly on most basic phone camera photos.
  • Also, on the domain registration page, his email address reads: chad@webbandit.co.za - meaning that he also owns another domain by the name of: webbandit.co.za ... Now, 'bandit' means 'Robber'. The means that the real meaning of his other website is: webRobber.co.za
  • Under terms and condition, Yuppiecash.co.za is mentioned and no mention of pensionloan.co.za - well, when you visit Yuppiecash.co.za or Webbandit.co.za, they are both under maintenance!

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