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View Full Version : Shocking levels of fraud and inflated prices cost South Africa R233 billion - Busines



FraudNews
10-06-2016, 08:47 AM
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BusinessTech (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNF9ZFiHKZuwU5DRHZ3fIpmh5KRM3Q&clid=c3a7d30bb8a4878e06b80cf16b898331&ei=oA_2V4iXL82T3QHApqG4Dg&url=http://businesstech.co.za/news/government/139193/shocking-levels-of-fraud-and-inflated-prices-cost-south-africa-r233-billion/)


Shocking levels of fraud and inflated prices cost South Africa R233 billion (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNF9ZFiHKZuwU5DRHZ3fIpmh5KRM3Q&clid=c3a7d30bb8a4878e06b80cf16b898331&ei=oA_2V4iXL82T3QHApqG4Dg&url=http://businesstech.co.za/news/government/139193/shocking-levels-of-fraud-and-inflated-prices-cost-south-africa-r233-billion/)
BusinessTech
According to South African chief procurement officer, Kenneth Brown, as much as 40% of the country's R600 billion budget for goods and services is being eaten up by inflated prices from suppliers, and fraud. Notably, some items bought from suppliers ...

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