Goodhope Dlangamandla | goodhope@radioislam.co.za
26 January 2023 | 14:45 PM CAT
2 min read

Photo Credit: Las Vegas Review Journal

SABRIC has warned the public against falling victim to solar equipment scams as we enter stages four and five of load shedding for the next few days.

Many South Africans are considering going off the grid because the country will likely experience stages 4 and 5 of load shedding for the foreseeable future.

However, the South African Banking Risk Information Centre, or SABRIC, cautioned South Africans about falling for solar equipment scams amid the power outage.

Speaking to Radio Islam International on Thursday morning, Nischal Mewalall, CEO of SABRIC, advised consumers to exercise caution when making purchases online because they may fall prey to con artists.

“In order to defraud people, con artists construct phoney online businesses and websites that ask for sensitive data such as account numbers and financial details.”

Mewalall warned customers to be wary of offers that seemed “too good to be true” when they appeared at internet retailers.

He advised checking the domain age, the available payment methods, and the terms and conditions before making an online purchase.

Mewalall claimed that the impact of load shedding on the banking industry has long been a focus and subject of preparation.

“The outcome of load shedding will directly affect how a bank or an entire industry manages risks.”

He stated that measures are being taken to assess and identify the potential scenarios that could arise once load shedding takes effect.

“They determined the kinds of mitigation measures they may implement to address the effects of load shedding,” he continued.

Listen to the interview on Sabahul Muslim with host Ml. Sulaimaan Ravat.