ALLAN GRAY – How to safeguard your investments.
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GUEST – Mthobisi Mthimkhulu, senior manager of the Private and Direct Clients team at Allan Gray
Summary: Financial historians have traced one of the earliest recorded cases of financial fraud back to 300 B.C., when two Greek sea merchants, Hegestratos and Zenosthemis, attempted to sink their vessels in the hope of cashing in their insurance policies. Although financial systems have evolved significantly over the centuries since, fraudsters continue to target financial services providers, and investors, in the digital age. Last year, the Association for Savings & Investments South Africa (ASISA) recorded a 26% year-on-year uptick in fraud cases that led to losses in excess of R2.7 billion.
Ahead of the kick-off of International Fraud Awareness Week next week, Mthobisi Mthimkhulu, senior manager in the Privat and Direct Clients team at Allan Gray, joins Kaya Biz to share tips and simple steps you can take to protect your long-term investments and avoid falling victim to fraudulent investment schemes.
Summary: Financial historians have traced one of the earliest recorded cases of financial fraud back to 300 B.C., when two Greek sea merchants, Hegestratos and Zenosthemis, attempted to sink their vessels in the hope of cashing in their insurance policies. Although financial systems have evolved significantly over the centuries since, fraudsters continue to target financial services providers, and investors, in the digital age. Last year, the Association for Savings & Investments South Africa (ASISA) recorded a 26% year-on-year uptick in fraud cases that led to losses in excess of R2.7 billion.
Ahead of the kick-off of International Fraud Awareness Week next week, Mthobisi Mthimkhulu, senior manager in the Privat and Direct Clients team at Allan Gray, joins Kaya Biz to share tips and simple steps you can take to protect your long-term investments and avoid falling victim to fraudulent investment schemes.
