South Africa urged to tackle public sector procurement fraud

The South African government must to do more to address the billions of rand lost to corruption in public sector procurement. The warning comes from fraud analysts speaking to SM at a time when the country is in the spotlight as the host of the football World Cup, the final of which took place on Sunday.

Mike Roos, director at Barnstone Fraud and Risk Services, outlined some of the problem areas: “Bid-rigging, tender irregularities, fronting, and the many different ways to compromise payment processes, including changing bank account details or hacking into the system to change payment details, are all major national trouble spots.”
Developing comprehensive anti-fraud policies and effective risk management strategies were key to stamping out fraud in the country, he added.

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