The news in brief
FSCA warns about a Telegram group impersonating Mattercap Investments and soliciting investments.
The FSCA has warned about people on Telegram who are impersonating Mattercap Investments and soliciting investments. Mattercap confirmed that it has no connection with the group’s administrators (FSCA, 13 October 2026). The authorised company needs to be distinguished from the people using its identity.
According to the warning, the group’s administrators did not respond to the regulator’s enquiries. The announcement is a public warning, not a report of a completed criminal prosecution, and it does not establish that every message using the company’s name comes from the same operators (FSCA warning).
An entry in the FSCA provider register helps establish a business’s status. It does not authenticate a Telegram group, its administrator or the bank account given in a message. Contact the genuine firm through independently verified details before relying on anyone who claims to represent it.
If you need to report an approach, keep the group address, the messages and the payment references. Be especially wary of demands for another payment to release money that was supposedly invested; the FSCA lists this among its warning signs. If a bank transaction is disputed, the NFO Banking Division explains the remit of its separate complaints service, but the existence of that service does not establish the bank’s liability for a particular loss.
Going further
This news item is part of a broader topic, which our page South Africa: personal data, romance scams and identity theft covers in detail.
Read the page: South Africa: personal data, romance scams and identity theft