Tag: fraud
Weak Identity Verification is the Achilles’ Heel of South Africa’s Financial Security
A recent security review of South Africa's Social Relief of Distress (SRD) grant program, overseen by the South African Social Security Agency (SASSA), uncovered...
Scammers turn to phone calls as banks clamp down on fraud
The banking industry has noted an increase in clients who have been duped by fraudsters posing as bank officials, tax officials or investment companies....
KPMG statement – Fidelis Moema
Ignatius Sehoole, CEO of KPMG South Africa
KPMG South Africa played an integral part leading to the arrest of former employee, Fidelis Moema, following the...
How businesses can protect themselves against fraud
South Africa’s turbulent economic climate has increased the exposure of local businesses to a number of significant risks. Among these are risks related specifically...
Efforts in full swing to clean up Eskom
Efforts to root out, unravel and disrupt corruption at Eskom are gaining momentum.
This is according to President Cyril Ramaphosa through his weekly newsletter.
Over the...
Banks have 18 months to impact SA’s greylisting
Here’s how they can help get the country off the grey list Â
In January 2025, the global anti-money laundering watchdog, the Financial Action Task Force...
Former Eskom official sentenced to 10 years for fraud, theft
A former Eskom administrative clerk has been sentenced to 10 years imprisonment for defrauding the power utility of more than R2.6 million.
The former clerk,...
When integrity fails: The networks linked to Eskom contracts
The Kusile corruption case shows former Eskom executive Matshela Koko allegedly tried to use his politically connected businessman friend to launder a bribe payment....
How companies could protect themselves against hijacking
By Lesego Modise, a Candidate Attorney in Dispute Resolution at CMS South Africa
In 2014, a fraudster was convicted of company hijacking. This conviction for...
Protection for Samsung Pay users against SIM-swap fraud
CAPITEC customers now enjoy added protection when using Samsung Pay thanks to Entersekt’s SIM age validation capability, also known as MNO (Mobile Network Operator)...
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