Although white collar crime is a worldwide phenomenon, in South Africa it tends to stand out as being particularly prevalent. White collar crime is a growing menace to businesses in and around South Africa. More and more senior managers are being involved in fraudulent schemes and activities. In addition, the sophistication and complexity in the way white collar crimes are carried out are on the rise.
One of the major catalysts of white collar crime in South Africa is that the perpetrators know that they are unlikely to be caught. The lack of investigation and prosecution is a concern to businesses in South Africa. How much protection will they receive if they do fall victim to white collar crime? Investigators of white collar crime attempt to put together dockets, with their attorneys’ assistance, which are then submitted to the National Prosecuting Authority. However, there is a lack of resources to facilitate prosecuting services in dealing with such complex crimes.