SA’s financial watchdog has warned the public against doing business with RNI Aquaculture, a company that promised investors lavish returns by buying a stake in a fish farming business.
In marketing materials, RNI said investors could “rent” or “adopt” perlemoen (abalone), fish, and crayfish to raise for export at one of its (unnamed) “aquaculture centres”.
It even claimed that the construction of “large-scale aquatic breeding centres” would help the state solve SA’s crippling unemployment problems.Â
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
Source: Watchdog slams another money-making farm scheme – this one has perlemoen and crayfish |
