B–
BOBATS – Wealth Solutions
Unclaimed Business
B–
BOBATS – Wealth Solutions
Unclaimed Business
2 Reviews (last 12 months)
Does not respond to reviews
Performance(last 12 months):
TrustIndex
0
Ranking
#69
in Financial Services
NPS Score
-100
Recommended: Unlikely
Review Distribution
3|2 Reviews
Jun '25 - May '26
5(100%)
4(0%)
3(0%)
2(0%)
1(0%)
5(100%)
4(0%)
3(0%)
2(0%)
1(0%)
Frequently Asked Questions About BOBATS – Wealth Solutions
BOBATS – Wealth Solutions has a TrustIndex of 0 out of 10 on Hellopeter, based on 2 reviews in the last 12 months. Hellopeter has tracked BOBATS – Wealth Solutions across 7 total reviews. How is the TrustIndex calculated? →
Recent reviews (2)
Used this business recently? Share your experience to help others decide.
Used this business recently? Share your experience to help others decide.
Share Your ExperienceSM
ST M
1 reviews | Active since Jan 2020
20 Jun 2025, 12:24
They are the best
I’m currently in the process of buying my second home through Ooba Home Loans. They helped me the first time without any issues, and they’re helping me now without any issues. I’m currently being assisted by Jerome Johnson. Thank you!
Helpful (0)
|Replies (0)SM
ST M
1 reviews | Active since Jan 2020
20 Jun 2025, 12:24
They are the best
I’m currently in the process of buying my second home through Ooba Home Loans. They helped me the first time without any issues, and they’re helping me now without any issues. I’m currently being assisted by Jerome Johnson. Thank you!
0
Replies (0)TE
Taahir E
1 reviews | Active since Jan 2020
16 May 2025, 13:44
Bobat Wealth Solutions -
I highly recommend not putting your money here. Directors have changed their modus operandi and there have been running side-companies without FSCA registration, fleecing public out of millions of Rands, one of KZN. We have been begging for responses to emails, calls and meetings but they keep avoiding us. We did get one of the shareholders to try to get a response but the director made it into a big joke, basically saying that they're not interested and everyone is on their own. This is probably one of the top 5 largest Ponzi Schemes in the country. Do not be fooled by credentials such as CA and CFA. I strongly advise you to consider a more established and honest wealth management service provider.
Helpful (0)
|Replies (0)TE
Taahir E
1 reviews | Active since Jan 2020
16 May 2025, 13:44
Bobat Wealth Solutions -
I highly recommend not putting your money here. Directors have changed their modus operandi and there have been running side-companies without FSCA registration, fleecing public out of millions of Rands, one of KZN. We have been begging for responses to emails, calls and meetings but they keep avoiding us. We did get one of the shareholders to try to get a response but the director made it into a big joke, basically saying that they're not interested and everyone is on their own. This is probably one of the top 5 largest Ponzi Schemes in the country. Do not be fooled by credentials such as CA and CFA. I strongly advise you to consider a more established and honest wealth management service provider.
0
Replies (0)TE
Taahir E
1 reviews | Active since Jan 2020
1 Apr 2025, 11:15
Avoid at all costs- ongoing legal case
I would very strongly advise people to strongly stay away as far as possible from this"wealth management" company. I haven't received any returns and neither have 200+ of us. Freehold properties that we partnered with as shareholders have been bonded and handed over to ABSA due to these guys unable to pay the bonds. After numerous emails via one of the shareholders, the directors rep**** to say that they're worried about their public image, with zero response to our payments. They gave sarcastic answers. It seems SAICA takes all and sundry as chartered accountants, please exercise caution
Helpful (0)
|Replies (0)TE
Taahir E
1 reviews | Active since Jan 2020
1 Apr 2025, 11:15
Avoid at all costs- ongoing legal case
I would very strongly advise people to strongly stay away as far as possible from this"wealth management" company. I haven't received any returns and neither have 200+ of us. Freehold properties that we partnered with as shareholders have been bonded and handed over to ABSA due to these guys unable to pay the bonds. After numerous emails via one of the shareholders, the directors rep**** to say that they're worried about their public image, with zero response to our payments. They gave sarcastic answers. It seems SAICA takes all and sundry as chartered accountants, please exercise caution
0
Replies (0)TE
Taahir E
1 reviews | Active since Jan 2020
7 Feb 2025, 10:02
Bobat Wealth Solution - Do not do business with them
My plea to you is to avoid this company if you want your money safe. This company is not a safe place to put your money in. I have requested Ebrahim S Moola many a times to come to the table and discuss but he keeps on running away from the table. There is a case carrying on at high court level against these guys who cheated hundreds of people. Ebrahim S Moola claims not to be involved in Acqumen Holdings and Black Stone Capital, yet the paper trail shows something different. There are older more established players in the game, please avoid fly-by-nights. Till today they haven't produced financial statements that we have requested.
Helpful (0)
|Replies (0)TE
Taahir E
1 reviews | Active since Jan 2020
7 Feb 2025, 10:02
Bobat Wealth Solution - Do not do business with them
My plea to you is to avoid this company if you want your money safe. This company is not a safe place to put your money in. I have requested Ebrahim S Moola many a times to come to the table and discuss but he keeps on running away from the table. There is a case carrying on at high court level against these guys who cheated hundreds of people. Ebrahim S Moola claims not to be involved in Acqumen Holdings and Black Stone Capital, yet the paper trail shows something different. There are older more established players in the game, please avoid fly-by-nights. Till today they haven't produced financial statements that we have requested.
0
Replies (0)TE
Taahir E
1 reviews | Active since Jan 2020
14 Nov 2024, 13:29
Improper financial conduct
Bobat Wealth Solution may look clear above board. However, they set up a a company called Acqumen Holdings to hoodwink 200+ investors into their property scheme and then took freehold properties and then bonded them, thereby losing all properties. The company they used was not FSCA registered, so they knew very well what they were doing. Directors are all currently uncontactable. Ongoing FSCA and High court cases are going on.
Helpful (0)
|Replies (0)TE
Taahir E
1 reviews | Active since Jan 2020
14 Nov 2024, 13:29
Improper financial conduct
Bobat Wealth Solution may look clear above board. However, they set up a a company called Acqumen Holdings to hoodwink 200+ investors into their property scheme and then took freehold properties and then bonded them, thereby losing all properties. The company they used was not FSCA registered, so they knew very well what they were doing. Directors are all currently uncontactable. Ongoing FSCA and High court cases are going on.
0
Replies (0)AE
Adam E
1 reviews | Active since Jan 2020
26 Sept 2024, 05:36
Be careful of Bobat Wealth Solutions
I very strongly suggest people keep away from these guys. We did do business with them a while back but it seems their reputation of being honest, dedicated ethical investment firm is no more. One of the directors (who also used his CA(SA) and CFA credentials is under investigation for ***** (as per lawyer request, I cannot divulge more). Syndicated freehold properties owned by investors (some of whom are widows, elderly, chronically ill) were bonded (without consulting with shareholders) by the director/s and family members and more than R200 million has already been unaccounted for. The first red flag was having a CA on a board and then not showing annual financial statements to investors, which again brings the chartered accountancy profession into disrepute. When we had a meeting with him, the only thing he could say was that he was not involved (we have legal documents to say that this was untrue) and was more worried about his reputation in the financial industry and his relationship with his co-director ,than our monies that had disappeared. If anybody is thinking of investing here, please use your discretion and judgement.
Helpful (0)
|Replies (0)AE
Adam E
1 reviews | Active since Jan 2020
26 Sept 2024, 05:36
Be careful of Bobat Wealth Solutions
I very strongly suggest people keep away from these guys. We did do business with them a while back but it seems their reputation of being honest, dedicated ethical investment firm is no more. One of the directors (who also used his CA(SA) and CFA credentials is under investigation for ***** (as per lawyer request, I cannot divulge more). Syndicated freehold properties owned by investors (some of whom are widows, elderly, chronically ill) were bonded (without consulting with shareholders) by the director/s and family members and more than R200 million has already been unaccounted for. The first red flag was having a CA on a board and then not showing annual financial statements to investors, which again brings the chartered accountancy profession into disrepute. When we had a meeting with him, the only thing he could say was that he was not involved (we have legal documents to say that this was untrue) and was more worried about his reputation in the financial industry and his relationship with his co-director ,than our monies that had disappeared. If anybody is thinking of investing here, please use your discretion and judgement.
0
Replies (0)AE
Adam E
1 reviews | Active since Jan 2020
26 Sept 2024, 05:36
Bobat Wealth Solution - be cautious
Please avoid, one of the directors under investigation for alleged ***** and misconduct. We did business with them in the past, but it seems that their sterling reputation is not what it used to be.
Helpful (0)
|Replies (0)AE
Adam E
1 reviews | Active since Jan 2020
26 Sept 2024, 05:36
Bobat Wealth Solution - be cautious
Please avoid, one of the directors under investigation for alleged ***** and misconduct. We did business with them in the past, but it seems that their sterling reputation is not what it used to be.
0
Replies (0)