Latest Articles

Eskom to lifestyle-audit 2,300 more staff as it turns up the heat against corruption

Great to see South Africa’s electricity supplier Eskom picking up the fight against corruption in the organisation. After lifestyle-auditing almost… Read More »

The cryptoqueen: the hunt for a multi-billion-dollar scam artist

They called her the cryptoqueen. Bulgarian-born fraudster Dr Ruja Ignatova was a jet-setting, Oxford-educated entrepreneur with her own unique cryptocurrency… Read More »

Lord Peter Hain puts foreign governments, global firms front and centre in South Africa’s State Capture

The Guptas wouldn’t have been able to capture South Africa without the help of a global network of consultants, lawyers,… Read More »

Is there a place for humans in digitally disrupted accounting?

Cloud computing, automation, Artificial Intelligence, the Internet of Things and blockchain. More and more, integration of financial data, intelligent software… Read More »

South Africa’s anti-money laundering measures under global spotlight

The Financial Action Task Force (FATF), the inter-governmental regulating body, are in South Africa to evaluate the country’s compliance with… Read More »

U.S. sanction law targets Gupta network

It’s been a great week for the fight against corruption. The Gupta network of shady deals has been dealt a… Read More »

Drexel University professor spent federal grants at strip clubs

A former Drexel University professor allegedly spent almost $200,000 of federal research money on strip clubs and other personal expenses,… Read More »

Protecting whistle-blowers in the digital age

Speaking at the #ACFESA Africa conference this week on protecting whistle-blowers in the digital age. Lots of interesting other talks.… Read More »

Call for forensic investigation into farmworker equity schemes

When Jolande Smith and 240 other farmworkers became shareholders in the Langwyde Werknemers Trust 10 years ago, they were led… Read More »

Garmin SA shopping website hacked

Garmin South Africa’s shop[dot]garmin[dot]co[dot]za website was hacked. This was according to an email sent out on 12-Sep-2019 by Garmin SA… Read More »

VP steals $5.4m from Goldman Sachs to pay gambling debt

Online poker was the undoing of Ashwani Jhunjhunwala, Goldman Sachs’ VP in India. Police have arrested him for stealing Rs… Read More »

VBS theft, money laundering & life’s little luxuries: Julius Malema’s time of spending dangerously

The lifestyle and political aspirations of EFF president Julius Malema were also funded from the R16m robbed from VBS Mutual… Read More »

Regiments Capital ‘stole’ R349m from pensioners in 4 days

Regiments Capital has agreed to an astounding R500m settlement with the Transnet Second Defined Benefit Fund (TSDBF). Regiments, a financial… Read More »

How Axiata uses data analytics to thwart telecom fraud

Telecom fraud is rapidly becoming one of the biggest sources of revenue loss for telco providers everywhere. A low-risk alternative… Read More »

When fraud meets advanced tech

For years, auditors have focused on internal controls to assess if the control environment works effectively to reduce the risk… Read More »

Whistleblowers need our trust and our protection

Fraud researcher and documentary filmmaker Kelly Richmond Pope shares lessons from some of the most high-profile whistle-blowers of the past,… Read More »

Ghost workers could kill your company

Are you paying salaries to people who don’t work for you, or who don’t exist? Ghost worker fraud on a… Read More »

Medical aid schemes caught in a vice between fraud and claims of racial profiling

Fraud against medical aid schemes is a big problem worldwide. But in South Africa, there is another aspect to the… Read More »

Are you ready to fight fraud?

Strengthening the internal control system and the control environment will help reduce the likelihood of fraud happening as well as… Read More »

KPMG fallout: cheating allegations raise new questions

After new allegations at KPMG of cheating on internal training tests, audit committees now have questions about their external auditors’… Read More »