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Virtual pig farming enterprise is being investigated by NCC.
An organization that markets and sells “virtual pigs,” Piggy Farm Trading, is the subject of an investigation by the National Consumer Commission (NCC).
This came about as a result of accusations that Piggy Trading Farm might be a multiplication scheme filed with the Commission.
Piggy Farm Trading offers prospective customers two options: purchasing directly from the farm or purchasing virtually. The company promotes its offerings on its website and multiple social media channels.
Tik Toker @melusizondi321 gives a breakdown of how the Piggy Farm Trading scheme works, saying at R2 200 per pig, participants can buy one to fifty pigs annually, according to Piggy Farm Trading. For a year, a minimum of R500 is profited by each pig to its owner.
WATCH THE VIDEO HERE:
@www.tiktok.nonto96 ♬ original sound – nonto96
Customers are advised by the Commission to proceed with caution when interacting with this organization.
“Consumers must be honest with their dealings, as the CPA prohibits any participation, recruitment, joining or promoting a multiplication scheme and other schemes.
“The NCC has noticed a spike in agricultural schemes like this one, which lure participants into joining the scheme and promise high returns. If a consumer buys livestock, they should be able to take possession of that livestock,” said the NCC’s Acting Commissioner.
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