Paradise Plundered

"When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it."
Frédéric Bastiat's words from over 200 years ago about the normalization of plunder in society still ring true in 2024 South Africa. 

The Steinhoff Scandal. A Mockery of Ethics and Justice

The Steinhoff scandal, a staggering R200 billion corporate collapse, unfolds as a tale of deceit and corporate misconduct that has left investors, pensioners, and the broader public in financial distress. Former CEO Marcus Jooste's abrupt resignation in the wake of accounting irregularities marked the beginning of a catastrophic fallout, with a 98% loss in share value and severe implications for pension funds, notably the Government Employees Pension Fund.

Skint January = Workplace Fraud

After the excesses of the festive season, January is often a financially tight month for many people and this pressure may result in people committing acts of fraud they would not otherwise do.