PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

Reported economic crime in South Africa hits record levels; cost and accountability concerns rising

At 77% South Africa’s rate of reported economic crime remains significantly higher than the global average rate of 49%

77% of SA organisations have experienced economic crime; Fraud committed by consumers ranks as the second most reported crime in SA; CEO and board increasingly being held accountable for economic crime; Only 37% of respondents have conducted an anti-bribery/anti-corruption risk assessment; 19% of organisations have spent between twice and ten…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

South Africa’s Mining Industry continues to Face Tough Times in the Wake of Subdued Commodity Prices, Mounting Cost Pressure and Regulatory Uncertainty: PwC Report

Companies had no choice but to cut back on new developments, re-focus on profitable production rather than maximum production and to save costs

2016 marked another challenging year for SA’s mining industry in the wake of subdued commodity prices, an increase in short-term volatility, increased pressure on operating models and regulatory uncertainty. These are some of the highlights from PwC’s (www.PwC.com) eighth edition of SA Mine, a series of publications that highlights trends in…

PricewaterhouseCoopers LLP (PwC)
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Source: PricewaterhouseCoopers LLP (PwC) |

South African organisations report the highest rate of economic crime in the world over the last two years: PwC Global Economic Crime Survey

69% of organisations report being victims of economic crime 32% of organisations have experienced cybercrime 70% of survey respondents view local law enforcement as inadequately resourced to fight economic crime South African organisations reported a considerably higher frequency in the incidence of economic crime in comparison to their African and…