Cape Talk

And they don't want to go through the disciplinary process. Then the rather asked the client that listen, we know that you have done. We suggest you resign and then life goes on. No, you're basically just passing then the problem and the fraud over to another company because that employee just joined another company and continues with what he is doing. So all of this and the lack of controls and controls that it's not proper controls, that it's easy to override controls contributes to.

Your occupational fraud and contributes to the number of fraud that happens. Instead, that matter should have been reported, but it's not reported. Okay, so does this then mean that we are the fraud capital of Africa? Well, basically, on occupational fraud, yes, on the matters that have been reported, yes, we are the leading country. Not something to be proud of. But yeah, if you look at the statistics released by the

By the report, we are the leading country when it comes to occupational fraud, sub-Saharan Africa. But I'm suggesting that it's not a bad thing if our reporting has improved. No, that is not, that is a very positive thing. Yes. That is one positive aspect. But one can see that as long as the cases are being reported and keep on being reported. Because that also helps people. If you look at this number, then companies must look at this number and start making.

Prevention part of your organization culture. It's better to prevent these fraudulent matters than to try and investigate it afterwards. It's also much cheaper to try and prevent this. And I think the more we talk about this, the more we show the number that is going around, the more it's also important for companies to realize what they can do to prevent these matters from happening. Yeah, let's private sector and.

And public sector. Does it break down where this fraud was perpetrated and where would we find the most fraud in terms of the research that has been released? So, the most fraud happening is in your private sector. In the private sector. In the private sector, yes. That's very, very interesting. And I would have expected reporting mechanisms to be, you know, significant and constantly being honed. Yeah, unfortunately, that.

That does not happen these days anymore. If you look at your controls, the lack of controls that is there, the lack of proper governance that is taking place, making sure that you do enough due diligence checks, even when you employ people, those things are not happening these days anymore. Hank, Henk is in Durbanville on the line. Welcome, Hank. Go ahead for Rian. Hello.