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Significant work has been done to address the impact of fraud and scams on the South African consumer. However, it is still pertinent to take a step back and ask if we are winning any major battles regarding addressing this challenge.
The world is currently facing one of the harshest economic climates experienced since the 2008 Global Financial Crisis, one of the worst financial crises in modern history. This raises concerns that more people may turn to fraud to address the financial pressure they are experiencing.
South Africans are deeply connected to their culture and cultural beliefs. Followers of the fundamental traditional African belief system believe they are watched over by their ancestors, who guide them in times of crisis or when facing an important decision in their lives.
The most recent statistics released by the South African Police Service have shown several notable decreases in certain types of crimes.
The strongest deterrent against FSP compliance missteps is or should be: