The 10X Million Giveaway | Terms and Conditions

The 10X Million Giveaway: A capital amount of R1,000,000 (One Million Rand) will be invested in the 10X Retirement Annuity Fund for the benefit of the winner of the promotion, who will become a member of the 10X Retirement Annuity Fund.


  • The Promoter is 10X Investments (Pty) Ltd (“the promoter”, “10X”)
Who can participate?
  • This promotion is open to South African residents over the age of 18 years, who are in possession of a valid identity document as well as foreign nationals who can present their passport and proof of their legal right to reside in South Africa.
  • Employees, Directors, consultants, agents and Shareholders of 10X, and members of their immediate family cannot participate in this promotion.
  • Direct participation in this promotion is limited to one entry per person. This does not exclude a Participant from being awarded additional or “bonus” entries for which they qualify as a consequence of their participation in the promotion
  • Participation in this promotion is not subject to an entrant switching from their current provider to 10X, or conditional on an entrant establishing a relationship with 10X first.

Promotion period

  • This promotion opens at 09:00 on 23 September 2019 and ends at midnight on 01 November 2019. 

  • The winner will become a member of the 10X Retirement Annuity Fund. A capital amount of R1,000,000 (One Million Rand) will be invested into the 10X Retirement Annuity Fund for the benefit of the winner of the promotion.
How to enter
  • To enter the promotion, visit and follow the promotional mechanic from the homepage by clicking the “Enter” button on the website.
  • In order to enter the promotion, you must provide the promoter with five data points about yourself, which the promoter will use to calculate what the 10X Million could be worth to you by the time you retire. These data points are: Your age, the age you plan to retire at, your name, your email and your cell number.
  • After submitting these details, by clicking “Enter” you will have successfully entered the competition to be the winner of the 10X Million Giveaway. 
  • As part of the entry mechanic, you will be offered a chance to receive one additional entry to the competition if you agree to speak to a 10X retirement expert. As part of this bonus entry mechanic, you will be required to tell the promoter how much retirement savings you currently have, and who you are currently invested with. Receiving this bonus entry is not conditional on you switching from your current provider to 10X. 
How will the winner be determined? 
  • The winner will be randomly drawn from the list of eligible entrants, in a manner to be determined by the promoter.
  • The competition draw will take place on Monday 4th November 2019 and the winner will be announced within seven days thereafter.
  • The Promoter will use its reasonable efforts to contact the winner telephonically, by calling the number that was used to enter the competition.
  • If the Promoter is unable to contact the winner after reasonable efforts to do so as set out above, then that person’s right to win the Prize will be deemed to have been waived, and the Promoter may then randomly draw another winner from the pool of remaining eligible entrants. 
  • Should the winner forfeit the prize, for any reason, a new winner will be drawn in the same manner as the initial winner. These terms and conditions will apply to the new winner as if they were the initial winner, subject to investment date having to move out as a result.
  • The winner agrees to participate on a radio segment with a radio partner of the promoter’s choice. The date will be communicated to the winner as soon as possible after the draw.
  • The winner agrees that 10X may publish a story about the winner, including the winner’s name and a photograph, through their blog, media and social media and how the 10X Million could transform their life in retirement.
How will the prize be awarded?
  • A 10X Investments Retirement Expert will contact the winner telephonically within 48 hours of the winner being announced to explain the features, benefits and limitations of the 10X Retirement Annuity.
  • In order to claim the prize, the winner must complete and submit an application form for the 10X Retirement Annuity, together with all supporting documentation, including, but not limited to, those required for anti-money laundering purposes.
  • If the winner does not complete the application process within 30 business days following the conversation with the 10X Investments Retirement Expert, the winner will forfeit the prize.
  • The amount of R1,000,000 will be invested in the 10X Retirement Annuity Fund by no later than 31st January 2020 subject to the winner having completed the application process in time.
  • The terms and conditions of the 10X Retirement Annuity will apply to the prize. The winner may forfeit the prize at any time prior to completing the application process if they do not agree to the terms and conditions of the 10X Retirement Annuity.
  • The standard fee of 0.9% excluding VAT shall apply to the prize. No upfront fees will be deducted. Please refer to the 10X investment fee table below. These are the investment fees the winner will incur as their investment with 10X grows over time.

  • The winner will be responsible for any taxes arising as a result of winning the promotion.
Marketing consent
  • By participating in this promotion you give your consent to 10X to contact you by phone, email and SMS, and agree to 10X communicating with you on an ongoing basis, by providing you with educational material on how to retire with more money.
  • You will be able to opt out of receiving further communication by unsubscribing from emails, or by asking a 10X retirement expert or customer service representative to no longer contact you.
  • Personal Information
  • By clicking the “Enter” button on the promotional mechanic, you agree to 10X using your personal information for the purposes of this promotion, and to contact you via phone, email and SMS to provide you with educational material and information on 10X.
  • The promoter will not share your information with third parties.
  • The 10X privacy policy can be accessed here.
Fine print
  • The specifications of the promotion, including but not limited to duration and value, are at the discretion of the promoter and are not negotiable.
  • The promoter reserves the right to alter or cancel the promotion at their own discretion. In the event of such cancellation or alteration, all participants shall waive and abandon any rights they may have against the Promoter, its affiliates or associated companies. Any amended versions of the terms and conditions of this promotion will be displayed on the 10X
  • Participation in the promotion constitutes acceptance of the promotion’s Terms and Conditions.
  • The Promoter reserves the right to disqualify any entry if fraud or cheating is suspected.
  • In the event of any dispute, the decision of the promoter is final. No correspondence will be entered into.
  • Neither the promoter, its agents, its associated companies, nor any directors, officers or employees of such, shall be liable for any loss or damage, whether direct, indirect, consequential or otherwise arising from any cause whatsoever, which may be suffered by a participant, as a result of participating in this promotion, including, but not limited to the winner completing the application process without speaking to a 10X retirement expert first and/or familiarising themselves with the terms and conditions of the 10X Retirement Annuity first.
  • 10X Investments (Pty) Ltd is an authorised financial services provider in terms of the Financial Advisory and Intermediary Services Act No. 37 of 2002 (“FAIS Act”) with FSP number 28250. 
  • The information contained herein, should not be construed as advice as defined in the FAIS Act, neither does it constitute a solicitation, invitation or investment recommendation. 
  • Investors should take cognisance of the fact that there are risks involved when buying, selling or investing in any financial product. The value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. 
  • Past returns may not be indicative of future returns and an investor should seek independent professional financial, legal and tax advice relevant to their individual circumstances before making any investment decision. 
  • The validity and accuracy of any illustrations, forecasts or hypothetical data are not guaranteed and are only provided for illustrative purposes.

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