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Forex Trader Njabulo Ngcobo halts Forex training to focus on ‘making money’

Phumzile Ngcatshe

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JOHANNESBURG – Having hit out at the media for selective coverage on his personal lifestyle and the four-year sentence meted out on him by a Durban Court, Forex Trader Jabulani Ngcobo says he will stop conducting his foreign exchange training seminars.

Famously known as CashFlow, Ngcobo took to his Instagram account and announced the development, saying he will only focus on trading his own funds.

“Greetings, officially I will be temporarily putting all my Forex trainings, provision of signals and hosting seminars *on hold* until further notice,” Ngcobo said on Instagram.

“I am taking this opportunity to focus on trading my own funds, after all is said and done I am a Forex Trader – none of the things said about were able to erase my skills.

“So, for as long as I have the internet, I will always be making money. I feel deeply sorry for those will be affected by this decision but I wish to take this chance to thank everyone who has believed in my skills and congratulate those who have also benefited,” he concluded.

In the past few weeks, Ngcobo was found guilty of fraud following a trade deal that went sour where he allegedly defrauded an Angolan national Francis Boole.

The Forex Trader was then charged for fraud by the Durban Specialised Crimes Court in April after Boole laid charges against him in Sandton for allegedly taking R100 000 in 2018.

Dubbed a no stranger to controversy, Ngcobo was acquitted on similar charges in 2017 and he was found guilty last month for conning the Angolan national based in Sandton, Johannesburg.

However, reports surfaced early this month that the 33-year-old has been released on bail as he reportedly appealed the sentence.

‘Cashflow’ was held behind bars with his business partner and friend Mzabalazo Dlamini, but the former says he will now focus on making his own money than helping those hoping to make their cut in the forex industry.

Phumzile is an experienced Journalist having launched his career in 2007. He has written for News24 Travel and a number of Football websites and publications covering the South African Premier Soccer League (PSL), African football such as the CAF African Cup of Nations and CAF Club competitions. He recently joined FX Magazine to offer more balanced and unbiased financial reporting.

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