• Raynier Matthys
• Charl Coetzee

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

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

• 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