Is MMM South-Africa Still Working? See What Really Happened To MMM South Africa This Year

As the operators of the popular MMM scheme recently announced a one month freeze on withdrawal from the system, many MMM participants of the scheme especially MMM Nigerian participants are seeking to know what their fate will become come January 2017 that the operators promised to unfreeze withdrawal.

And the MMM Nigeria participants have done so by seeking to know what exactly transpired in other countries where the scheme also operates and had at some point announced freeze in withdrawal.

One of the countries in which Nigerians have turned to in search for informed knowledge on what truly happened to MMM after announcement of freeze in withdrawal was made is South Africa, since the scheme has operated longer in that country.

At this juncture, in seeking for where to hang their fate upon and due to many uncertainties surrounding the MMM scheme, MMM Nigeria participants also want to know whether MMM South Africa is still working or if the scheme has crashed over there.

And we are here to bring to you what really transpired in MMM South Africa this year mostly the period earlier in the year that a freeze in withdrawal was announced and on what is going on at the moment.

Without further ado, here are the things that you need to know about MMM South Africa in most part of this year.

On the 30th of April 2016, MMM South Africa announced a freeze in ‘mavro’ (money withdrawal), and it went further to tag the un-withdraw-able money as ‘old mavro’.

Also it stated that with 'development of the system' that it will be sending out 10% of the ‘old mavro’ to participants until they get paid off, and that it estimates the time frame for the complete payment to be within 6 months.

Furthermore MMM South Africa introduced what it called ‘new mavro’ which they said that it is the money brought into the system after the freeze and that participants can withdraw it as usual before the freeze. 

Now this is about 8 months gone after MMM South Africa announced a freeze in withdrawal and the questions now left is on whether MMM South Africa unfroze participants withdrawal after the estimated 6 months, and on whether participants got their ‘old mavro’ in 10% part payment to complete payments.

Here are our true findings to answer the question and on the current standing of MMM South Africa;

Yes on September this year, MMM South Africa did announce the cancellation of frozen ‘mavro’

In this month of December, which we said is about 8 months gone after MMM South Africa froze withdrawal in April, we found out that in MMM’s voice ‘development of the system’ is still keeping many ‘old mavro’ frozen as at this moment, while few others claimed they have gotten ‘old mavro’ paid out.

Then some staunch MMM South African participants are still providing help (‘new mavro’) into the system and we also found out that those ‘new mavro’ orders are being merged in parts and take about 1 week for complete merging.

For example, participant that want to provide help (‘new mavro’) of let say 1000 Zar (1000 South African Rand) might be merged to pay 700 Zar this week and ask to pay the remaining 300 Zar the following week.

The current state of affairs in MMM South Africa is also that while some MMM staunch supporters that have not gotten their ‘old mavro’ paid out to them, and have even considered it a lost venture but it has not deterred them from participating, and they have continued to provide ‘new mavro’ into the system believing they will withdraw the new money with the accrued interest when it matures.

Then for other MMM South Africa participants, they are still waiting, hoping and believing to get back their ‘old mavro’ paid out in no distant time.

As of the time of filling this post, it is also learnt that like MMM Nigeria, which according to MMM that ‘mavro’ are currently frozen for 1 month, MMM South Africa is also currently in similar frozen mode.

Finally, with MMM announcement of this December freeze in ‘mavro’, MMM Nigeria participants are anxiously looking forward to next month when the said ‘mavro freeze’ will be unfrozen and what will become of MMM Nigerian in January 2017 and beyond.