Fraud And Dishonesty Worth R1.4 billion Prevented By Life Insurers And Investment Companies In 2024

Loading player...
Guest – Jean van Niekerk, Convenor of the ASISA Forensic Standing Committee

South African life insurers and investment companies successfully prevented fraud and dishonesty worth R1.4 billion in 2024, but incurred losses of at least R131.6 million to criminals and dishonest individuals.

The annual fraud statistics compiled by the Forensic Standing Committee of the Association for Savings and Investment South Africa (ASISA) show that ASISA members detected 16 520 cases of fraud and dishonesty in 2024, a 26% increase from the previous year, when 13 074 cases were detected.
28 Jul 2025 1PM English South Africa Business News · Investing

Other recent episodes

Can You Trust AI for High-Stakes Decisions?

Should you rely on AI for critical legal or financial choices? My AI Lawyer Head of Services Michael Visser joins Nzinga Qunta to unpack how specialized AI acts as an affordable starting point to navigate your rights before paying for professional advice.
5 Nov 1PM 13 min

How to Invest in Banana Trees

Expanding beyond traditional livestock, crowdfarming is now giving everyday South Africans direct access to plant-based farm assets. Ntuthuko Shezi breaks down the mechanics of banana tree investments, harvest yield returns, and risk management for retail investors looking to grow real farm wealth.
5 Nov 1PM 15 min

FlySafair’s R7bn Deal Approved

Following the Competition Tribunal’s approval of Harith’s takeover of FlySafair, aviation analyst Guy Leitch joins KayBiz to unpack market concentration, cross-ownership with Lanseria Airport, and the impact on domestic ticket prices.
5 Nov 12PM 8 min

Reshaping Philanthropy

Operating globally, the Black Feminist Fund is challenging traditional donor models. We unpack how flexible core funding and participatory grantmaking shift capital and long-term institutional power directly to grassroots movements.
5 Nov 12PM 16 min