South Africa
The survey examined more than 7,200 respondents from 123 countries, of which 282 were from South Africa. According to the report, 77 percent of the responding companies in South Africa had been victims of economic crime, a number that has been growing over the past 10 years.
This number was also much higher than the global rate of 49%. Asset misappropriation was the most prevalent form of economic crime reported by 49% of South African respondents. Fraud committed by the consumer was the second most reported crime at 42%.
The report added that 35% of South African respondents said they lost more than $100,000 to what they regarded as the most disruptive economic crime to affect them. One percent reported losses of greater than $100 million. In South Africa, the public is gradually losing confidence in the state following corruption allegations that have been levelled at public officers over the years.
Even though the country has a stronger judiciary, many do not have trust in the police, who are largely seen as corrupt – taking bribes from drivers for minor offences, and so on.
Anthony Madu, the 14-year-old Nigerian dancer from Lagos who gained admission to a prestigious ballet…
Actor-host Wayne Brady recently opened up about his early financial struggles in his now thriving…
Mia Arianna, also known as @mia.ariannaa on TikTok, helped her son become an honorary team…
Alvin Gauthier, a Grand Prairie USPS postman, recently went above and beyond to brighten a…
Maj. Gen. Fatuma Gaiti Ahmed is the first female commander of the air force and…
Benjamin E. Mays High School brought together its 272 senior class members for a meeting…
Afrika Owes' emotional response to learning that she had passed the bar exam on her…
A 49-year-old New York attorney was on April 26 sentenced to 10 years in federal…
During an appearance on The Jennifer Hudson Show on Wednesday, pop legend Cher opened up…
Authorities in Florida said an 11-year-old boy was accidentally shot and killed by his 14-year-old…
The famous Taylor Schlitz family is making headlines once more as the youngest of the…
Sony Pictures Entertainment has appointed Tahra Grant as its Chief Communications Officer. She replaces Robert…
Meet Ashley M. Fox, the founder of Empify and the first in her family to…
Tyra Banks, the iconic former host of Dancing With the Stars, has made a delightful…
A Brazilian woman named Érika de Souza, 42, is under investigation for manslaughter after authorities…