South African Mint and Nelson Mandela Foundation in 2014 in Johannesburg. Today some buyers of the coins are complaining that they have been deceived by Gold for Life who allegedly sell them the coins under the pretence of investment but only to find out later that they had been tricked by the company./ GALLO IMAGES
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“Don’t believe Gold for Life company when they tell you their Mandela coin is a good investment, it’s a lie,” warns Thuhwane Tsetseoa, who claimed the company misled him when he bought the coin.
Tsetseoa claimed the Gold Life made him to believe that he was buying the coin for investment not for sentimental value as the company allegedly later told him.
Tsetseoa 49, of Mamelodi, east of Pretoria, said he felt betrayed by the company which took his R35,000 under false pretences.
The father of three said while working for the department of trade and industry he and some colleagues were approached by representatives of Gold for Life through the department’s human resources division.
The employees were told their coins would provide a sense of security and never advised of the downside of it.
