Outlier Crime
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At least R300-million has been stolen from the department of public works and infrastructure over the past 10 years through cybercrime, newly appointed minister Dean Macpherson says.
The most recent cyber attack was last month, in which R24-million was stolen.
So far, four officials have been suspended, and investigators have seized 30 laptops. The amount stolen is expected to increase as the probe continues.
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The penalties imposed by the Financial Sector Conduct Authority (FSCA) on 31 people in the year to March 2024 represent an almost 10-fold increase over the year before.
More than half were against Markus Jooste, the now deceased former head of Steinhoff, for issuing false financial statements. The regulator said it would be laying a claim against his estate.
The FSCA noted an increase in funeral parlours charging monthly fees, which it said constitute insurance premiums, and schemes encouraging investment in livestock.
🔗 News24
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