Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Crime hits half of SA businesses

Jul 06 2011 13:39 Sapa

Related Articles

Illegal economy costing SA billions

SA ranks high in cyber crime

Former Land Bank CEO in court

UN slaps Gaddafi with sanctions

Illegal activity threat to SA economy

Gauteng is SA's crime capital

 

Top Stories

Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

Tupperware agents incensed by fakes

May 27 2012 11:49

The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.

Another golf estate victim

May 27 2012 13:09

The oversupply of golf estates has claimed another victim.

 
Share Share line Print
Johannesburg - Fifty percent of South African businesses have been directly affected by contact crime in the last year, according to Grant Thornton's 2011 International Business Report.

"This figure is still unacceptably high, with half of the survey population being directly affected by crime in the past year," said Leonard Brehm, national chairperson of Grant Thornton on Wednesday.

"The sad conclusion is that crime is still a major problem in South Africa."

Business owners were asked if they, their employees or any of their immediate families had been directly affected by crimes such as road rage, hijackings, personal security threat, violent crime or housebreaking in the last 12 months.

Although 50% said yes, the numbers had decreased, Brehm said.

When Grant Thorton started surveying the impact of crime on South African private businesses in 2007, 84% said they had been affected.

Now, just five years later, the figures were almost 35% lower, he said.

In 2009, 32% of business owners said they were considering leaving the country, while in 2010 it was 18% and in 2011, 17%.

"Overall, though we are encouraged by the fact that there has been an improving trend over the years, the effect and cost of contact crime on business remains appalling," Brehm said.

The political climate was also among some of the reasons why business owners had considered emigrating.

According to the report, 46% cited this as a concern this year compared with 42% in 2010.

Fifty-seven percent of business owners in Gauteng and 62% in the Eastern Cape recorded the highest responses as to whether the political climate was a concern.

The Western Cape had the lowest response with 29%.

Sixty-four percent of business owners in the Western Cape stated that the high crime rate in South Africa was their main reason for considering emigration. This was followed by KwaZulu-Natal with 59%, Gauteng with 54% and Eastern Cape with 46%.

 
 
Comment on this story
2 comments
Add your comment
Comment 0 characters remaining
Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

Perfin

I arranged two workshops in Cape Town at the Cape Chamber of Commerce offices as well as two computer based workshops, one on Google Adwords and another on Joomla Administrator at the training centre in Somerset West. Emarketing Workshops - http://emarketingworkshops.co.za/next-workshops 1. Interne... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...