Kaya 959 Kaya Biz

Criminal syndicates are using stolen IDs, fake deaths, and corrupt officials to rake in millions from life insurance

Loading player...
GUEST - Garth de Klerk, CEO of the Insurance Crime Bureau

Mortuaries, hospitals, old age homes, and the homeless are some of the targets that the syndicates of the dubbed “death industry” operate in. They do this by bribing their connections.

Criminal syndicates recruit runners to buy identity documents of dead people. The kingpin will then insure them (insuring the dead person’s ID) and “kill” them again in order to pocket millions.
3 Jun 7AM English South Africa Business News · Investing

Other recent episodes

How Walmart Can Achieve What Makro and Game Could Not?

Guest: The Finance Ghost – Retail Analyst Why are South Africans queueing for hours to walk into a store that, on paper, looks a lot like Game did ten years ago? And more importantly what does Walmart know that Makro and Game couldn’t crack? We unpack the frenzy behind Walmart’s…
4 Dec 4PM 16 min

Woolworths’ New Bag Colour - A Masterclass in Crisis Management?

Guest: Jeremy Sampson – Executive Chairman, Brand Finance Africa What happens when a grocery bag becomes the star of a national scandal? After businessman Vusimuzi “Cat” Matlala told Parliament he used a black Woolworths shopping bag to deliver R300 000 to former police minister Bheki Cele, the internet erupted with…
4 Dec 4PM 21 min

Channel Bundling Unpacked: Why DStv Says Discovery, CNN and 10 Others May Go Dark.

Guest: Nqobile Ndlovu – Cash N Sport Research Director According media updates, DStv subscribers were hit with a shock notification this week: 12 major Warner Bros Discovery channels including Discovery Channel, CNN International, Cartoon Network and Food Network could disappear on 31 December. Behind the push alert lies a much…
4 Dec 4PM 25 min
All episodes