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Global Profiles of the Fraudster also reveals majority of fraud continues to be due to weak internal controls.
Funds raised by private equity managers investing in South Africa and other African markets reached R29.0 billion in 2015, the highest on record for the industry and up a significant 145% from R11.8 billion in 2014. This is according to the SAVCA 2016 Private Equity Industry Survey, the annual survey of private equity and venture capital activity in Southern Africa.
According to the latest PPS Professional Confidence Index (PCI) conducted among over 3 800 South African graduate professionals, 92% of the survey respondents are concerned about the standard of mathematics and science education in South Africa. This has been a concern since the question was first asked in the first quarter of 2015.
The average South African salary grew just above the estimated rate of inflation, recording a 6.7% year-on-year growth, according to the latest BankservAfrica Disposable Salary (BDSI) data.
The strongest deterrent against FSP compliance missteps is or should be: