Technology can be a powerful tool against the fraud and corruption plunging South Africa's municipalities and businesses into financial crisis...
Ryan Mer 6 May 2021
Gospel artist and medical doctor, Dr Tumi Makweya and his wife have been released on bail after being arrested for allegedly defrauding the National Lotteries Board (NLB)...
Onalenna Mhlongo 7 Apr 2021
Who would take on the parental mantle you leave behind and who would make sure that any inheritance you have accumulated for your children is actually received by them and managed properly to their benefit?...
Alex Simeonides, Issued by Capital Legacy 25 Mar 2021
South Africa has to balance a number of factors when considering how to handle schools during the pandemic...
Mariëtte Reyneke 7 Oct 2020
The Unemployment Insurance Fund (UIF), working with the Department of Employment and Labour, has temporarily halted payments for the Covid-19 TERS relief benefits, until it addresses the system control concerns recently raised by the Auditor-General...
Bonitas Medical Fund reported its financial results for 2019, announcing bolstered reserves of R4.3bn during extremely difficult trading conditions...
Issued by Bonitas 7 Aug 2020
The Department of Correctional Services has warned its suppliers and potential suppliers about scammers pretending to be representatives of the department and issuing fraudulent Request for Quotations (RFQs)...
Considering the high profile scandals that have dominated news headlines in the last few years, from VBS Mutual Bank to Eskom, it does not seem unreasonable to say that South Africa may have a corporate fraud problem...
The BOSASA hearings and the corruption, racketeering and money laundering associated with it since 2000, have again highlighted the culture of fraud, waste and abuse in South Africa. BOSASA is a controversial group of companies on the West Rand of Johannesburg that secured a number of major tenders with the Government over the past decade.
Issued by Bonitas 11 Apr 2019
As members of the public, and companies alike, turn increasingly to the virtual marketplace to supply many of their product requirements, so too has there been an increase in the incidence of consumers being defrauded...
Issued by LexisNexis 21 Nov 2018
The business world has moved beyond the idea that if it isn't made of bricks and mortar, then a company has no value...
Some South Africans are concerned that expropriation without compensation is a threat to residential property, but are these concerns valid?...
Issued by Private Property South Africa 21 Feb 2018
NEW YORK - US regulators on Tuesday joined a growing chorus of officials saying they may need new powers to regulate cryptocurrencies which pose risks the investing public does not recognise...
The Hawks in Newcastle have arrested two suspects in Vryheid for rental fraud and illegal land sales amounting to about R4 million...
Former Nelson Mandela Bay municipal spokesman Roland Williams was so indebted to controversial tow truck company owner Raven Rungan that they hatched a fraudulent plan to damage his luxury car to claim more than R96,000 from his insurance company...
Devon Koen 23 Jan 2018
A US court on Wednesday sentenced former Volkswagen executive Oliver Schmidt to seven years in prison for his role in the German automaker's "dieselgate" emissions cheating scandal...
Douglas Gillison 8 Dec 2017
Online retail is a huge business today, with an increasing number of consumers across the world turning to the internet to buy products and services...
The world of medical schemes in South Africa is a very different one to 25 years ago. There are strict rules and regulations governing the industry, there to protect both the members and the financial sustainability of the scheme...
Issued by Bonitas 26 Oct 2017
The Hawks in Gauteng have welcomed the sentencing of two officials, including a prosecutor, for corruption...
Rustic Homes, a player in the timber home design and construction market in South Africa, has recently undergone a change of ownership...
Tax fraud charges have been reinstated against suspected gang boss Shaun Ah Shene, just five months after the Director of Public Prosecutions (DPP) opted to withdraw the criminal case...
Kathryn Kimberley 12 Jun 2017
Given that sub-Saharan Africa has the third highest exposure to incidents of cyber fraud in the world, the revised draft Cybercrimes and Cybersecurity Bill is a welcome addition to the prevention of cybercrime...
Krevania Pillay 18 Apr 2017
According to the Department of Tourism's annual report, both international arrivals and domestic tourism numbers are up. This rise in tourism has, unfortunately, also lead to an increase in instances of fraud...
Volkswagen said production at several factories has been severely disrupted due to a shortage of components, a new headache for the German car giant...
The 2016 ACFE Global Fraud Study revealed that 12% of fraud detection in small business came from an internal audit, whereas in larger enterprises this was 18.6%...
Yolande Schoültz 23 May 2016
The impact that increased tariffs and taxes have on the economy cannot be over-emphasised. One fast-growing facet of most economies in Africa is e-commerce...
Bennet Otoo 8 Feb 2016
Figures obtained from the Airports Company South Africa indicates that more than 743,000 passengers bought tickets for domestic flights in August this year...
The war within rail agency Prasa continues. Its former CEO, Lucky Montana, staggered into the Hillbrow Police Station yesterday with a pile of files to open a case of fraud...
Is self-service the panacea for customer service? There is no doubt that there is a place for it in today's world of business, especially with items that are difficult, inconvenient, or time-consuming...
Aki Kalliatakis 15 Jun 2015
Launched by SAPS and shopping centres in Polokwane, a new initiative is aimed at creating a safer environment for Polokwane residents and visitors alike...
Fortinet, the high-performance network security company, has issued a warning to taxpayers to be aware of the increase in cyber-fraud during the tax filing season.
The Payments Association of South Africa (PASA) has blacklisted more than 100 telemarketing companies for illegally debiting consumers for goods and services that were not provided or for outright fraudulent transactions where banking details were obtained illegally.
The technological era, in which smartphones enable us to have access to our bank accounts, also comes with challenges.
The technological era, in which smartphones enable us to have access to our bank accounts, also comes with challenges.
The Consumer Protection Act, which came into effect on 1 April 2011, is designed to protect consumers from misrepresentations and sub-standard products. Some confusion has arisen with regard to home sales, with some people believing that any home sale is subject to the provisions of the act. According to the Rawson Property Group's Business Systems Implementation manager, Barry Fourie, this is not the case.
With the promulgation of the Protection of Personal Information Bill (POPI) later this year, the protection of consumers' personal information is becoming increasingly important. In light of the increase in cellphone banking fraud in South Africa, this has become particularly relevant for companies in the telecommunications space.
The Justice, Crime Prevention and Security Cluster (JCPS) today released a list of all the people who have been convicted of fraud and corruption.
PRETORIA: The Justice, Crime Prevention and Security Cluster (JCPS) on Sunday, 9 June 2013, released a list of all the people who have been convicted of fraud and corruption.
The trial of a duo of former employees of the Department of Labour's (DoL) Compensation Fund (CF) accused of defrauding the department will resume tomorrow, 14 May 2013, in the Pretoria Magistrate's Court with further cross-examination of State witnesses.
With the festive season drawing nearer, Coface South Africa, the international credit insurer, has cautioned its clients about the dangers of fraud and specifically white collar crime in the December to January period.
The mobile operator's Ugandan subsidiary appears to have been taken for a ride by one of its suppliers after allegedly receiving falsified invoices worth millions of dollars for equipment it never received.
Craig Wilson 12 Sep 2012
Two men accused of fraudulently taking up to R300 million from a clothing provident fund have appeared in the Cape Town Magistrate's Court, it was reported on Friday, 29 June 2012.
The roll out of a new biometric card to social grant beneficiaries from June will help government reduce the risk of fraud in the social grants system and improve the delivery of grants while cutting the costs involved in payouts.
Stephen Timm 11 Jun 2012
Over holiday periods, when companies may be short staffed, credit-vetting procedures may not always be strictly adhered to and this increases the dangers of fraud and specifically white-collar crime.
The SABC has blasted the Special Investigating Unit, telling Parliament that its probe into corruption at Auckland Park had not yielded significant value considering the almost R20m paid to it.
Thabo Mokone 7 Mar 2012
As orders increase before the festive season close, companies need to be aware that fraud is increasing, as white-collar criminals take advantage of the rush.
Seven people alleged to have defrauded the Department of Labour's Compensation Fund are again appearing in the Pretoria Specialised Crime Court today, 21 November 2011.
Attempts to crack down on rampant corruption in various government departments has led to at least four corruption scandals this week as government officials attempt to "come clean" on what's been going on in their ministries.
Paddy Hartdegen 20 Sep 2011
Two new lawsuits allege click launderers tried to cheat advertisers... Microsoft Corp. has filed two lawsuits this week in the U.S. District Court for the Western District of Washington detailing evidence of an emerging form of click fraud in online advertising the company has dubbed "click laundering."