Lester Kiewit is joined by GroundUp investigative reporter Joel Cedras for a special follow-up on the Morita Forestry investment scam, which GroundUp reports has cost South Africans hundreds of millions of rand.

Cedras explained how the scheme attracted investors through promises of daily returns, social media promotion and an appearance of legitimacy, before withdrawals began failing.

The investigation also followed the money through cryptocurrency transactions and examines the warning signs that investors may have missed.

Good Morning Cape Town with Lester Kiewit is a podcast of the CapeTalk breakfast show. 

Lester Kiewit brings you a fresh and reliable start to the day on Good Morning Cape Town with Lester Kiewit.

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Lester Kiewit is joined by GroundUp investigative reporter Joel Cedras for a special follow-up on the Morita Forestry investment scam, which GroundUp reports has cost South Africans hundreds of millions of rand.
Cedras explained how the scheme attracted investors through promises of daily returns, social media promotion and an appearance of legitimacy, before withdrawals began failing.
The investigation also followed the money through cryptocurrency transactions and examines the warning signs that investors may have missed.
Good Morning Cape Town with Lester Kiewit is a podcast of the CapeTalk breakfast show.&nbsp;
Lester Kiewit brings you a fresh and reliable start to the day on Good Morning Cape Town with Lester Kiewit.
The show covers the stories that matter to Cape Town, with clear, thoughtful conversations and a focus on what&rsquo;s relevant and interesting.
Thank you for listening.
Catch the show live on Primedia+ weekdays from 6 am to 9 am (South African time) <a href="https://buff.ly/NnFM3Nk">https://buff.ly/NnFM3Nk</a>
Find more from the show, and all catch‑up podcasts on Primedia+ <a href="https://buff.ly/xGkqLbT">https://buff.ly/xGkqLbT</a>
Subscribe to the CapeTalk newsletters to stay up to date <a href="https://buff.ly/sbvVZD5">https://buff.ly/sbvVZD5</a>&nbsp; &nbsp; Let&rsquo;s keep the conversation going online:
CapeTalk on Facebook: <a href="https://www.facebook.com/CapeTalk">https://www.facebook.com/CapeTalk</a>&nbsp; CapeTalk on TikTok: <a href="https://www.tiktok.com/@capetalk">https://www.tiktok.com/@capetalk</a>&nbsp; CapeTalk on Instagram: <a href="https://www.instagram.com/capetalkza">https://www.instagram.com/capetalkza</a> CapeTalk on X: <a href="https://x.com/CapeTalk">https://x.com/CapeTalk</a>&nbsp; CapeTalk on YouTube: <a href="https://www.youtube.com/@CapeTalk567">https://www.youtube.com/@CapeTalk567</a>

Join Lester Kiewit every weekday for an authentic Cape Town wake-up call. The show gets Cape Town as close to the story as possible, from high-profile interviews to did-you-hear watercooler conversations. The show is enlightening and accessible, inclusive and thought-provoking. It helps listeners navigate the (sometimes hectic) business of life.

Some highlights include the daily Editorial segment at 6:10 and the flagship #LesterTester on Fridays at 8:35. The WorldView favourite Adam Gilchrest shares his take on the biggest global stories daily at 7:45am. Tune in daily for the ‘Hood Hang-out at 7:55am.

#CoffeeDate is a regular outside broadcast that happens on the first Monday of the month, starting in November. Each #Coffeedate is broadcast from a different community, featuring the voices and opinions of residents, ward councillors, local celebs, community leaders and you, the listener.

Good Morning Cape Town with Lester Kiewit, Monday to Friday 06:00 to 9:00 on 567 medium wave (AM) or streaming online at www.capetalk.co.za

#GMCT with @lesterkk @CapeTalk #JoinTheConversation

Follow Lester on Twitter: @lesterkk Twitter and Facebook: @CapeTalk

Join Lester Kiewit every weekday for an authentic Cape Town wake-up call. The show gets Cape Town as close to the story as possible, from high-profile interviews to did-you-hear watercooler conversations. The show is enlightening and accessible, inclusive and thought-provoking. It helps listeners navigate the (sometimes hectic) business of life.
Some highlights include the daily Editorial segment at 6:10 and the flagship #LesterTester on Fridays at 8:35. The WorldView favourite Adam Gilchrest shares his take on the biggest global stories daily at 7:45am. Tune in daily for the ‘Hood Hang-out at 7:55am.
#CoffeeDate is a regular outside broadcast that happens on the first Monday of the month, starting in November. Each #Coffeedate is broadcast from a different community, featuring the voices and opinions of residents, ward councillors, local celebs, community leaders and you, the listener.
Good Morning Cape Town with Lester Kiewit, Monday to Friday 06:00 to 9:00 on 567 medium wave (AM) or streaming online at www.capetalk.co.za
#GMCT with @lesterkk @CapeTalk #JoinTheConversation
Follow Lester on Twitter: @lesterkk Twitter and Facebook: @CapeTalk

Good Morning Cape Town with Lester Kiewit

GroundUp News: The Morita Forestry investment scam

https://api.omny.fm/orgs/5dcefa8e-00a9-4595-8ce1-a4ab0080f142/clips/fc5bdb14-620e-48ea-b239-b49d005cdaa5/transcript