How one woman’s alleged fraudulent promises shattered lives — and why the Hawks need your help to bring her to justice.
The Disappearance That Sparked an Urgent Manhunt
Princess Mseleku Ntshangase is not just a missing person; she is at the center of a high-stakes financial fraud investigation shaking the Eastern Cape.
Accused of masterminding a scam that drained at least R100,000 from victims, Ntshangase’s whereabouts are currently unknown — and the Hawks are calling on the public to aid in her capture.
As the alleged director of the so-called Global Gold Club (GGC), an investment outfit based in East London, Ntshangase promised clients incredible returns that many would consider too good to be true.
Promises That Turned Into Empty Pockets
Between June 2011 and January 2015, Ntshangase reportedly approached potential investors with false claims about GGC’s legitimacy and financial strength. She allegedly guaranteed returns of over 18% annually on investments over three years — an exceptionally high rate that should have raised red flags.
Her recruitment targeted various sectors, including the offshore property market, enticing individuals to invest their hard-earned money. But investigations later revealed that GGC was not a legally incorporated company under the Companies Act.
A Pattern of Deception
What deepened the scandal was the revelation that Ntshangase had a criminal history involving fraud and theft — information that wasn’t disclosed to her clients.
According to Warrant Officer Ndiphiwe Mhlakuvana, the Hawks’ spokesperson in the Eastern Cape, these false promises led to significant financial prejudice, with victims collectively losing around R100,000 in cash.
The victims' complaints reached the Companies and Intellectual Property Commission (CIPC), the body responsible for regulating companies in South Africa, which then referred the case to the Hawks for further investigation.
Why Is This Important? Understanding Investment Scams in South Africa
Investment scams, such as the one allegedly run by Ntshangase, prey on individuals’ hopes for financial growth and security — a particularly vulnerable target in a country where economic challenges remain significant for many.
South Africa’s Financial Sector Conduct Authority (FSCA) regularly warns the public about fraudulent schemes promising unrealistically high returns. Ponzi and pyramid schemes often lure victims with dazzling promises before collapsing, leaving investors bankrupt and disillusioned.
How the Hawks Are Responding
The Hawks, South Africa’s elite crime-fighting unit, have made this case a priority. They appeal for any information that could lead to locating Princess Mseleku Ntshangase.
Those with knowledge about Ntshangase’s current location or anyone involved in recruiting for the Global Gold Club scam are urged to contact:
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Captain Gedeon Smith at 071 580 2588
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Lieutenant-Colonel Zane Johnson at 082 941 8588
Anonymous tips will be treated with the utmost confidentiality.
A Warning to Would-Be Investors
This case is a stark reminder for South Africans to exercise caution when approached with investment opportunities, especially those guaranteeing abnormally high returns. Due diligence and verifying a company’s registration status with the CIPC or seeking advice from financial experts can prevent falling victim to fraud.
The Human Toll of Financial Fraud
Beyond the figures and investigations, it’s vital to remember the victims — individuals who trusted in a promise, only to be betrayed. Financial scams can devastate families, forcing sacrifices and often leading to long-term hardship.
Engage With Us
Have you or someone you know been approached by dubious investment schemes? Share your story or advice in the comments on our blog at Daily South African Pulse and help spread awareness.
Sources:
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Scrolla.Africa
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SNL24: https://snl24.com
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South African Police Service (SAPS): https://www.saps.gov.za
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Companies and Intellectual Property Commission (CIPC): https://www.cipc.co.za
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