The South African man who promised to turn R300 into R1,000 has been hit with a R300,000 fine and a 20-year debarment

A South African man's promise of turning R300 into R1,000 has turned into a costly mistake, with Datum RS and its director Joy Praise Kgaphola slapped with a R300,000 fine and a 20-year debarment. The Financial Sector Conduct Authority found Kgaphola and Datum guilty of soliciting R129,000 in investments from the public without authorisation, misappropriating clients' funds, and making unrealistic promises that left customers vulnerable.