Six trade unions on Wednesday threatened to flex their muscles in the Public Investment Corporation (PIC) if Woolworths does not end its trade with Israel.

Online and telephone banking fraud has soared to its highest level in 10 years and cost the industry millions in losses.

Eskom warned the public about a scam involving prepaid electricity vending machines. Eskom spokesperson Khulu Phasiwe told Fin24 that the scam involved criminals claiming that the utility was offering franchise opportunities for the distribution of prepaid electricity vending machines.

Despite City Power’s announcement that the Commission for Conciliation, Mediation and Arbitration (CCMA) has not issued a certificate allowing strike action, the South African Municipal Workers’ Union (Samwu) intends to go ahead with the strike at City Power offices on 19 October.

Businesses in SA are taking a hammering from criminals, with armed robberies and truck hijackings substantially up and burglaries slightly up, the annual crime statistics show.

Small and medium enterprises (SMEs) in South Africa need to put robust processes and systems in place if they are to protect themselves against rising incidences of identity theft and other forms of fraud.

Armed robberies and Eskom’s load shedding have cost SA’s largest supermarket group Shoprite Holdings an additional R3bn in operating costs this year.

Costing South Africa an estimated R930m a year, commercial and white-collar crime is on the rise in South Africa - especially among senior to top management.

The South African Banking Risk Information Centre (Sabric) has released its latest information on cash robberies, which showed a year-on-year decrease of 23%.