Companies who have experienced an incident of corruption reported that they have incurred material financial damage as well as harm to their reputation and value of their brand.
18%
Fraud attributed to Suppliers
15%
Fraud attributed to Partners
13%
Fraud attributed to Consultants
14%
Fraud attributed to Employees
42%
of companies did not conduct an investigation after Fraud had occurred
72%
of incidents were not disclosed to the auditors
66%
of incidents were not disclosed to regulators or SAPS
59%
of incidents were not disclosed to the board of directors
*PwC GECS survey March 2020 report