This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

Criminal syndicates are using stolen IDs, fake deaths, and corrupt officials to rake in millions from life insurance

Loading player...

GUEST - Garth de Klerk, CEO of the Insurance Crime Bureau

Mortuaries, hospitals, old age homes, and the homeless are some of the targets that the syndicates of the dubbed “death industry” operate in. They do this by bribing their connections.

Criminal syndicates recruit runners to buy identity documents of dead people. The kingpin will then insure them (insuring the dead person’s ID) and “kill” them again in order to pocket millions.

3 Jun 7AM English South Africa Business News · Investing

Other recent episodes

How to Outsmart Festive Season Scammers – Truecaller’s Guide to Safer Calls in SA.

GUEST – Mmathebe Zvobwo, Director of Market Development for Truecaller South Africa The festive season may bring joy, travel and celebration but it’s also open season for scammers. As South Africans reconnect with loved ones, spend more, expect deliveries and wrap up the year, scam activity spikes dramatically. From fake…

11 Dec 3PM 19 min

Poverty Trends in South Africa: An Examination of Absolute Poverty Between 2006 and 2023.

GUEST – Solly Molayi, Acting Deputy Director-General for Population and Social Statistics at Stats SA South Africa’s poverty landscape is shifting and for the first time in years, the data tells a story of both meaningful progress and persistent structural challenges. Stats SA’s newly released Poverty Trends in South Africa…

11 Dec 2PM 13 min

African air travel is booming — but the airlines themselves aren’t.

GUEST – Phuthego Mojapele – Aviation Analyst Despite passenger numbers rising faster than the global average, African carriers are still trapped in a low-profit, high-cost cycle that threatens the sector’s future. Why is the continent experiencing growth without gain? In this episode, we unpack the paradox with aviation analyst, who…

11 Dec 2PM 10 min

Honest conversations about money – Don’t be a December millionaire and a January beggar!

Guest: Thabo Hollo, Programme Manager: Financial Education, Old Mutual December in South Africa is more than a month, it’s a mood. It’s beaches, brunches, champagne, road trips, and the irresistible urge to live the “soft life” after 11 months of stress and sacrifice. But too often, that soft life turns…

10 Dec 2PM 23 min

INSIDE YOUR BUSINESS: Anglo-Teck Merger: What SA Stands to Lose.

Guest: Duma Gqubule – Adviser on Economic Development and Transformation As Anglo American pushes ahead with a $60bn merger with Canada’s Teck Resources, South Africa could be on the verge of losing one of its most historic and economically significant mining giants. Duma Gqubule unpacks why the Anglo-Teck deal is…

10 Dec 2PM 15 min

All episodes