• Future imperfect

    A lack of compassion with ordinary people is crucial to SA’s failures, says Mandi Smallhorne.

  • Will Gordhan be fired?

    An economist ponders the top question concerning those who control international capital flows.

  • Terry Bell's Inside Labour

    The economic policy pendulum seems to be swinging away from laissez-faire to regulation.

All data is delayed
See More

Joburg rates fraud more than R10m

Jul 27 2012 09:29
Johannesburg - A probe into a rates scam allegedly operating in the City of Johannesburg indicated that fraud was higher than an initial estimate of R10m, according to a report on Friday.

The Business Day reported that Roslynn Greef, a member of a mayoral committee on urban management, said on Thursday that those responsible would face dismissal and arrest.

It was believed some city officials pocketed money paid in exchange for legitimate services, and issued landlords with fraudulent receipts. The receipts were, however, entered into the City's records as valid transactions.

While some landlords were unaware of the illicit nature of the transaction, it was believed others knew the money was not reaching the municipality.

Greef said the City had "moved backwards" but it was taking a zero-tolerance approach to resolve the problem.

The report also called for "mitigation measures... to avoid the recurrence of such an incident".

* Follow Fin24 on Facebook, Twitter and Google+.

landlords  |  fraud


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

Money Clinic

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

Voting Booth

Do you use all your downloaded apps on your smartphone?

Previous results · Suggest a vote