SAFPS PREVENTS R7.44BN in FRAUD LOSSES (August 2026)
- bullionpr2
- Aug 18
- 1 min read
The Southern African Fraud Prevention Service (SAFPS) has saved its Members more than R7.44 billion in potential fraud losses during 2025, underscoring the growing value of shared fraud intelligence in an environment where criminal syndicates are becoming increasingly organised, technologically advanced and difficult to detect.
The figures, released in the 2025 SAFPS Annual Report, represent a 47% increase in fraud savings compared to the previous year. The number of enquiries into the SAFPS fraud database totalled 131 million during the year, reflecting a 63% increase in the use of shared intelligence to identify fraudulent activity before losses occur.
Manie van Schalkwyk, CEO of the SAFPS, says that the results demonstrate what is possible when industries collaborate instead of tackling fraud in isolation. "Fraud is no longer confined to individual organisations or sectors. Criminals share information, adapt quickly and operate across industries. Our response must be equally collaborative. Every confirmed fraud case contributed by our Members strengthen our collective ability to detect emerging threats and prevent losses before they occur," says Van Schalkwyk.
