SA prone to scams due to high cost of living
Parshotan said there is no quick way to get rich – a tried and tested approach is the best.
AS the cost of living rapidly rises in the country due to the economic crisis, Rajesh Parshotan, a chairperson of the Direct Selling Association of South Africa (DSA), says that South Africans struggle to survive financially, making them more vulnerable to fraud.
Parshotan mentioned that another issue affecting millions of local citizens was low income, which makes it difficult for them to make ends meet.
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He said: “In their desperation to make ends meet, South Africans may resort to get-rich-quick schemes that promise high returns, leaving no thought for long-term, stable and safer income solutions. There is no quick way to get rich. A tried and tested approach is the best.”
The chairperson added that SA households have found the need for additional income to supplement monthly earnings and are taking to online platforms or heeding advice from their trusted network to meet that need. They are using recommended income opportunities that are not vetted by a credible industry association.
According to the recent Momentum/Unisa Household Index, an estimated 14% of all households are engaged in side hustles with higher-earning households tending to be more proactive with side businesses.
Parshotan concluded that over 870 000 South Africans have successfully chosen to direct-sell as a side hustle or primary source of income through a DSA-vetted member company, allowing for an ethical income and safety for DSA direct-sellers and consumers.
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