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1-10 results from 1000 for query «fraud»

13 November 2018 8:59 AM Court orders VBS Bank to be liquidated

The North Gauteng High Court has granted an order to liquidate VBS Mutual Bank. This after the South African Reserve Bank's Prudential Authority applied for the final liquidation of the mutual bank. The bank's curators have previously identified its financial state "as hopelessly insolvent" and that there was no prospect of it being saved 20

12 November 2018 3:19 AM State capture inquiry resumes, Barbara Hogan to testify

The hearings of the Judicial Commission of Inquiry into State Capture will reconvene in Johannesburg on Monday. The commission is chaired by Deputy Chief Justice Raymond Zondo and is tasked with examining allegations of corruption and fraud in the public sector and organs of state. The hearings paused in September and will resume with testimony from the former 20

08 November 2018 8:19 AM Debit fraud: Here is how SA's big 4 banks are handling it

For bank account holders who have been victims of debit order fraud, banks have heard their concerns and have taken steps to prevent it. The four major banks – ABSA, Standard Bank, Nedbank and FNB – have partnered with the Payments Association of South Africa [PASA] to stop unauthorised debit orders going off clients' accounts. PASA's offering DebiCheck 25

07 November 2018 5:43 PM 'Impostor syndrome' holding back women in tourism

London – Female entrepreneurs in Africa's tourism industry must beware of impostor syndrome, warns Sarah Clayton Turner, chair of the Association of Women Travel Executives (AWTE). So-called impostor syndrome is a psychological pattern where an individual doubts their accomplishments, persistently fearing that they'll be exposed as a fraud, or not deserving 24

06 November 2018 4:28 AM Debit order fraud: Beware of sharing your banking details

Consumers must be careful when sharing personal information that could be used by fraudsters to make unauthorised debit orders, Payments Association of South Africa CEO Walter Volker has warned. Banks are working with the Payments Association of South Africa (PASA) to deal with debit order fraud – a situation when some companies process debit orders 23

05 November 2018 3:07 PM 6 arrested at Telkom Knockout Cup in Durban

KwaZulu-Natal police have arrested six people for various crimes at the Telkom Knockout Cup at Moses Mabhida Stadium in Durban over the weekend. According to police spokesperson Colonel Thembeka Mbele, there were no serious incidents reported during both games played at the stadium, "due to the ample presence of police officers and security personnel" 22

05 November 2018 3:57 AM Cameroon police arrest 19 opposition protesters

Police in Cameroon arrested 19 supporters of opposition leader Maurice Kamto, who disputes the results of October presidential elections, at protests against President Paul Biya on Sunday, local authorities and witnesses told AFP. The arrests happened at two different places in the town of Bafoussam in the country's west where Kamto backers were picketing 21

27 October 2018 8:43 AM GRAPHIC: How identity thieves can target you

Identity theft is a "social engineering" scam, says the SA Banking Risk Information Centre (Sabric), and starts with a criminal sending out a phishing mail or SMS to potential victims. Phishing is a fraudulent attempt to obtain sensitive information, such as usernames, passwords or credit card details – often for malicious reasons – under the guise of electronic 33

25 October 2018 7:14 PM Kingon: SARS urgently needs stability in leadership

Leadership stability is urgently required at the South African Revenue Service (SARS), acting commissioner Mark Kingon has said. Kingon was responding to questions from members of Parliament (MPs) on Thursday in a joint sitting of the standing committees on finance and appropriations, as well as their select committees. Treasury, led by Finance Minister 25

23 October 2018 12:02 PM LIVE: National Assembly debate on VBS Mutual Bank scandal

Deputy Finance Minister Mondli Gungubele has cautioned against a bailout of VBS Mutual Bank, saying rescuing the bank would send a message that “criminals can steal” and the state would pay, according to a Sunday Times report. Some MPs in the African National Congress (ANC) caucus have argued that government must step in to save the beleaguered bank, just as it did with African 53