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===== Elamant =====

=== People Involved ===
  * [[raynier_matthys|Raynier Matthys]]
  * [[charl_coetzee|Charl Coetzee]]

=== Reboot ===

Elamant has rebooted to an Education MLM with a mandatory monthly membership component

=== Info ===

Launched in 2017,effectively a reboot of [[Saivian]],run up by the same CEO namely [[Ryan Evans]]. Touted as a "Rewards Club" paying rebates for Users uploading Shopping Purchase Slips. Has admitted there are no deals currently with any research or retail companies. Currently 80% of your rewards are locked up in virtual points with no foreseeable future value. Being that Elamant has no other source of Income other than Membership fees,it's a fairly standard pay-to-play Pyramid Scheme

=== In the News ===
  * Elamant declared Illegal Pyramid Scheme by Bank of Namibia - [[https://neweralive.na/posts/elamant-declared-illegal-by-central-bank]]
  * Elamant exposed on the Devi show - [[https://www.enca.com/shows/devi-8-april-2021]]
  * FSCA Issues a public warning against Elamant - [[https://www.fanews.co.za/article/compliance-regulatory/2/financial-sector-conduct-authority-fsca-was-fsb/1059/fsca-issues-public-warning-against-elamant/31570]]