Unpaid investment for foxex trading
I gave Reuben R10000 on the 8june for him to trade for me on foxex until I have time to learn the system, he promised me R2000 return per month end. I agree to that and I transfer Then the money.On the 8July I was suppose to receive my first R2000 but nothing,on the 10july after many calls and sms I got R1100 wit a promise of the other money will come. But nothing.
Then on the 25 July I asked for my money which he ddnt answer again 17 August I’m asking for my R10000 nothing after that. When I talk to him he promise he pay me every cent but nothing yet. I want know how can I get my money back with interest. I see him every Sunday in church and he promise me but still has not payed me.
Breach of contract, clearly. You can draft a letter of demand and serve it personally upon him. Claim your R10000 and interests and phone calls and smss and other related costs in the letter. Place him in “mora”(default) by giving him a reasonable time period to pay (make it 14 days). If on the expiration of the 14 day period he still has not paid, my suggestion is that you approach any Small Claims Court in the area where he resides and lodge your claim formerly. Going to Magistrate’s court will not only be time consuming but costly. The monetary jurisdiction of the small claims court is currently R12000. It is fast and no lawyer required.