The findings of the survey titled, 'Global Economic Crime and Fraud Survey 2018 South Africa: The dawn of proactivity' includes a continuation of economic crimes disrupting businesses. Fraud intensificationAmongst the survey participants, 49% of global organisations say they have experienced economic crimes in the past two years. South Africa has witnessed a steep incline in economic crimes. Seventy seven per cent of organisations in South Africa have experienced economic crimes over the last two years. True cost of economic crime a cause for great concern: 19% of organisations spend between twice and ten times as much on investigations as the original amount lost to economic crime.

Source: The North Africa Journal March 05, 2018 13:52 UTC