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You are here: Home / Archives for Fraud

Fraud

6 September 2025

Lottery Corruption Case Reaches Court After Years of Delays

Location: News

No progress from National Prosecuting Authority in at least another 18 cases with a further 21 under investigation by SAPS and the Hawks

Read moreLottery Corruption Case Reaches Court After Years of Delays
4 September 2025

Careful – Miscreants Are Impersonating TCEPMA CC

Location: Business

The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with persons purporting to be associated with financial services provider (FSP) TCEPMA CC (TCEPMA) (FSP number 36799). It has come to the attention of the FSCA that the impersonators are claiming to be associated with TCEPMA by using …

Read moreCareful – Miscreants Are Impersonating TCEPMA CC
4 September 2025

Gauteng DSD Misses Targets and Spends R215-Million Irregularly

Location: News

2024 was a chaotic year for the department

Read moreGauteng DSD Misses Targets and Spends R215-Million Irregularly
3 September 2025

New Deadline for Phase-Out of SASSA Gold Cards

Location: News

About 450,000 people still need to switch to Postbank’s Black Card

Read moreNew Deadline for Phase-Out of SASSA Gold Cards
31 August 2025

Warning To Be Cautious When Dealing With Individuals Using Telegram To Impersonate iFX Brokers Holdings (Pty) LTD (iFX Brokers) (FSP 48021) and its Chief Executive Officer (CEO), Mrs Hannele de Necker.

Location: News

The FSCA has received information that iFX Brokers and its CEO are being impersonated on social media platforms and online. The impersonators have created a website that closely resembles that of iFX Brokers’ and are soliciting investment in amongst others Forex, Contracts for Difference, Stocks and Indices. The impersonators are also using a Telegram group, …

Read moreWarning To Be Cautious When Dealing With Individuals Using Telegram To Impersonate iFX Brokers Holdings (Pty) LTD (iFX Brokers) (FSP 48021) and its Chief Executive Officer (CEO), Mrs Hannele de Necker.
27 August 2025

SASSA to Bring in Biometrics for All Social Grant Applications From September

Location: News

The plan is to curb fraud and speed up processes

Read moreSASSA to Bring in Biometrics for All Social Grant Applications From September
25 August 2025

Contractor Speaks Out on Makana Pump Supply Debacle

Location: News

Municipality bungled a tender then scapegoated a director in an unfair dismissal

Read moreContractor Speaks Out on Makana Pump Supply Debacle
22 August 2025

Octodec Update

Location: Business

In a press release issued on the 20 August 2025, the Financial Sector Conduct Authority (FSCA) warned the public not to deal with an entity referring or purporting to be “Octodec Invest Ltd” claiming to be associated with the Johannesburg Stock Exchange (JSE), a licensed stock exchange. The entity is using the name similar to …

Read moreOctodec Update
21 August 2025

Mogalakwena Corruption Scandal

Location: Letters

Dear Editor The DA in the Mogalakwena Municipality will request the Public Protector to urgently investigate deeply disturbing allegations of large-scale corruption in Mogalakwena Municipality implicating the Mayor, the Municipal Manager, the MEC for CoGTA in Limpopo, the Premier, senior municipal officials, and politically connected individuals. We will also: Write to the Minister of CoGTA, …

Read moreMogalakwena Corruption Scandal
21 August 2025

Sankofa Events, Paul Sinclair & Hyve Events Sued for Misrepresentation

Location: News

African Energy Chamber
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Sankofa Events Limited and Paul Sinclair have been added to a court case brought by the African Energy Chamber (AEC) (www.EnergyChamber.org/) to the High Court of the Republic of South Africa against Hyve Events SA Limited. The Edictal Citation application was granted, were Sankofa Events and Paul Sinclair will be joined in an action for damages arising from misrepresentation, unlawful completion and false marketing. This serves as an official legal notice for the respondents, as the court believes there is a strong case for misrepresentation – a serious allegation and one that brings significant impacts for the African energy industry.  

Sankofa Events Limited and Paul Sinclair have been added to the case for their role in providing false statements and misleading information regarding the upcoming Africa Oil Week (AOW): Energy conference. The event – which has moved to Accra, Ghana for its 31st edition – has been the product of numerous misleading statements, press releases and communications, particularly surrounding its participants and the topics of discussion.

A notable example is information published by AOW: Energy's official communication channels related to the participation by Equatorial Guinea's state-owned oil corporation GEPetrol. Information shared outlined references to technical presentations, one-on-one meetings and the promotion of new licenses by the corporation. Information was not provided, authorized or validated by GEPetrol. This level of misrepresentation is aimed at enticing delegates to participate and is not an accurate reflection of the event itself.

As such, the AEC – representing the voice of the African energy sector – is suing Sankofa Events Limited and Paul Sinclair in Ghana from South Africa, as they recognize the damages that this level of misrepresentation has on stakeholders across the continent. Sankofa Events Limited and Paul Sinclair are required to legally participate in the case as they have been officially brought into this serious lawsuit. The respondents are granted 30 days from the date of service in their country to enter appearance to oppose the Joinder Application.

The case comes at a pivotal time for the African energy industry and its importance cannot be overstated. At a time when the global energy sector is divided on key issues such as the energy transition and hydrocarbon investment, Africa requires a unified voice. With over 600 million people living without access to electricity across the continent and over 900 million living without access to clean cooking solutions in Africa, there has never been a more pressing time to come together, address challenges and advance development.

Yet, organizations such as Sankofa Events Limited and individuals such as Paul Sinclair use platforms such as AOW: Energy to advance their own agendas. Rather than prioritizing Africa's needs, these parties continuously demonstrate their resolve to attracting investment for person gains. Through misrepresentation, the parties seek to attract capital and people to their event, regardless of the fact that they will not deliver on their promises. This limits productivity, disrupts meaningful progress to address key energy challenges and impacts the continent's efforts to make energy poverty history.

“The court case brought by the AEC seeks to make Sankofa Events Limited and Paul Sinclair accountable for their actions. Africa deserves more than organizations and individuals who prioritize their own wants over the need of the continent. The AEC stands in full support of the continent and will remain committed to protecting the interests of its people,” states NJ Ayuk, Executive Chairman of the AEC.

Distributed by APO Group on behalf of African Energy Chamber.

Read moreSankofa Events, Paul Sinclair & Hyve Events Sued for Misrepresentation
21 August 2025

A503 Stock Growth WhatsApp Community NOT Associated With JSE or FSCA

Location: News

The FSCA is warning the public against a fraudulent WhatsApp group claiming to be associated with the FSCA and the Johannesburg Stock Exchange. The Financial Sector Conduct Authority (FSCA) cautions the public not to deal with a syndicate operating on WhatsApp and claiming to be associated with the FSCA and the Johannesburg Stock Exchange (“JSE”). …

Read moreA503 Stock Growth WhatsApp Community NOT Associated With JSE or FSCA
21 August 2025

Beware: Octodec Invest Ltd (“Octodec”) is NOT Associated with the JSE

Location: Business

Octodec is using JSE’s name (a licensed Stock Exchange) without any approval, creating an impression that it is affiliated to the JSE and that its activities are approved by JSE when this is not the case. JSE legal counsel has confirmed that Octodec is not in any way linked to the JSE. Octodec’s unauthorised use …

Read moreBeware: Octodec Invest Ltd (“Octodec”) is NOT Associated with the JSE
20 August 2025

Before Celebrating Big Gifts, Charities Must Watch Out for Fake Donors

Location: News

Charities have no right to keep stolen money they receive as donations, even if they didn’t know it was stolen.

Read moreBefore Celebrating Big Gifts, Charities Must Watch Out for Fake Donors
20 August 2025

Limpopo Municipality Fails to Deal with Officials Fingered in Corruption Scandal

Location: News

Criminal case opened against the Greater Letaba Municipality for “missing” R1.3-million

Read moreLimpopo Municipality Fails to Deal with Officials Fingered in Corruption Scandal
20 August 2025

Pair Charged With Multi-Million Rand Fraud

Location: News

Moeketsi Victor Williams and business partner Mabohlokoa Itumeleng Chaka allegedly siphoned off R4.5-million from one of the contracting companies

Read morePair Charged With Multi-Million Rand Fraud
15 August 2025

Saliya Saman Banned for Five Years

Location: Sport

Former Sri Lankan domestic cricketer Saliya Saman has been banned from all cricket for five years after an ICC Anti-Corruption Tribunal found him guilty of breaching the Emirates Cricket Board (ECB) Anti-Corruption Code. Saman was among eight people charged in September 2023 for breaching the Code. The charges relate to the 2021 Abu Dhabi T10 …

Read moreSaliya Saman Banned for Five Years
12 August 2025

Warning: Gold Trading Advisors Ltd (Gold Trading) Is Impersonating a FSP

Location: Business

The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with Gold Trading, who are impersonating an authorised financial services provider (FSP). It was brought to the attention of the FSCA that Gold Trading, is using the FSP number of Astrix Data (Pty) Ltd (Astrix Data) (FSP 52313) …

Read moreWarning: Gold Trading Advisors Ltd (Gold Trading) Is Impersonating a FSP
11 August 2025

Lesotho Power Utility Under Scrutiny for Irregular R1.2-Million Purchase of Cable From SA

Location: News

Lesotho parliamentary committee uncovered serious irregularities during a surprise visit to a Qwaqwa-based company

Read moreLesotho Power Utility Under Scrutiny for Irregular R1.2-Million Purchase of Cable From SA
6 August 2025

Two Gauteng Department of Community Safety Officials Suspended

Location: News

The Freedom Front Plus (VF Plus) welcomes the suspension of two officials of the Gauteng Department of Community Safety for alleged corruption. Gauteng Premier Panyaza Lesufi summarily suspended the Head of Department, Nontsikelelo Sisulu, and the Chief Financial Officer, Mduduzi Malope, following a forensic audit that uncovered financial irregularities in the Department. Over the weekend, […]

The post Freedom Front Plus welcomes suspension of two officials of Gauteng Department of Community Safety appeared first on Freedom Front Plus.

Read moreTwo Gauteng Department of Community Safety Officials Suspended
5 August 2025

Steps Taken Against Six Members of Ekurhuleni Metro Police for Alleged Theft and Fraud

Location: News

The Freedom Front Plus (VF Plus) welcomes the arrest of six Ekurhuleni Metro Police Department (EMPD) members who, along with four South African Police Service (SAPS) members, appeared in the Germiston Magistrate’s Court today on charges of alleged theft and fraud. The ten officers conducted a raid on a shop in Edenvale in June and […]

The post Freedom Front Plus welcomes steps against six members of Ekurhuleni Metro Police for alleged theft and fraud appeared first on Freedom Front Plus.

Read moreSteps Taken Against Six Members of Ekurhuleni Metro Police for Alleged Theft and Fraud
29 July 2025

Makhanda: An Iconic South African City Collapses

Location: News

Roads, water supply, electricity supply and finances are in disarray

Read moreMakhanda: An Iconic South African City Collapses
29 July 2025

SAPS Warrant Officer Still Serving After Multiple Fraud Convictions

Location: Letters

Dear Editor A Warrant Officer at Lentegeur SAPS remains on duty after being convicted of multiple counts of fraud, and being found guilty in two internal disciplinary processes, because Provincial Commissioner Lt. Genl. Thembisile Patekile is dragging his feet in dismissing this crooked cop. The DA calls on Commissioner Patekile to stop dragging his feet …

Read moreSAPS Warrant Officer Still Serving After Multiple Fraud Convictions
28 July 2025

How the Internet and Its Bots Are Sabotaging Scientific Research

Location: News

Bots increasingly take part in scientific studies.

Read moreHow the Internet and Its Bots Are Sabotaging Scientific Research
27 July 2025

Want to Save Yourself From Super Scams and Dodgy Financial Advice? Ask These Questions

Location: News

An ex-financial adviser shares her tips on spotting dodgy advice, as thousands of people wait to see if they’ll lose more than $1 billion in super.

Read moreWant to Save Yourself From Super Scams and Dodgy Financial Advice? Ask These Questions
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