THE FUSE

Markets have always been complex. What’s changed is how quickly that complexity reaches everyday traders – and how convincingly it can be disguised. In the past year alone, South African regulators have warned repeatedly about fake trading platforms, impersonation scams and AI-driven investment fraud. The Financial Sector Conduct Authority (FSCA) continues to highlight how convincing these schemes have become, often designed to look sophisticated, polished and legitimate. But that’s exactly the problem.