The percentage of South African organisations who have experienced economic crime has significantly declined in 2020 returning to levels last seen in 2011. The rate of reported economic crime has dropped 17 percentage points from 77% in 2018 to 60% this year.
These are some of the key findings from PwC's biennial Global Economic Crime and Fraud Survey – 7th South African edition, issued today. PWC's research, designed to inform and engage the community, will be held between 25th and 27th February 2020. Over the coming year, PWT will update the findings and share best practice with the public.
This survey is unique in its size and scope, being the first and only bi-annual survey of economic crimes in South Africa to be conducted by a global firm. All of PW's global surveys are conducted in-house, using PWE's Pwe survey methodology.
As a result, our survey will also be the most comprehensive and detailed of its kind in the world, and provides important data to our industry. In addition to this, the survey provides an opportunity to increase our knowledge base of threats and challenges faced by the private and public sector organisations operating in this area.
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