GumTree South Africa (
Gumtree SA Acquired by VC Firm – Potential African Expansion in Future
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent.
Scam Attempts on Gumtree Have Surged During South Africa’s Lockdown
British classifieds platform popular with South Africans, Gumtree has seen an increase in scams during the country’s lockdown with criminals and fraudsters benefiting from scamming people over a distance. Estelle Nagel of Gumtree says that “The pandemic has seen more South Africans sell their items in an attempt to raise additional cash, and as those listings increase, so do scam attempts.” “With lockdown, buyers and sellers are inclined to transact online only rather than face to face or without viewing an item in person and using electronic payment methods rather than cash. This does lead to more instances of fraud,” she continues. With more and more South Africans desperately searching for cash during these tough times, Nagel says, they may be less risk-averse than normal and more likel...
