SA Fraud investigations enjoy little support, Economic predictions

| 0 Comments
Dr D Klatzow.jpgInvestigations into large scale fraud are severely hampered by a break down of the national support systems, Dr David Klatzow, world renowned forensic scientist told delegates that the SmartProcurement World Conference held earlier in October.

Klatzow investigated the Helderberg air disaster for SAA, Brett Kebble's alleged assisted suicide, the Inga Lotz murder and acquittal of Fred van der Vyfer.

“Our forensic labs are in free fall", said Klatzow. "Blood-alcohol tests and post mortems are taking years to deliver, severely undermining the justice system. The reason for which is simple neglect by the responsible government agencies and departments".

The role of forensic (or scientific) analysis in assisting the fight against crime is essential to get convictions in many cases and must be promoted by the responsible companies or departments. Forensic science is there to protect the citizens of the country, he said.

We live in uncertain and extremely volatile times

Ettienne le Roux.pngMeanwhile SmartProcurement World’s second keynote address touched on the irony that today, from a global perspective, the emerging economies (Brazil, China, India) can look to 6% growth rates while the advanced (EU, Japan, US) economies are languishing around 1.5% growth forecasts, said Chief Economist at Rand Merchant Bank, Ettienne le Roux.

Le Roux attributes this to the fact the advanced economies presently have severe growth restraints, caused by:
• too much government and private debt;
• US households are expected to continue de-gearing and paying back debt for at least the next two years; and
• governments stepping in to counter the global melt-down in 2008: all that happened was a shift of debt from the private to the public balance sheet, which restricts growth.

Furthermore, le Roux said that Africa is witnessing major infrastructure development across the continent with free trade zones sprouting up and stimulating trade. "Our main responsibility must be to focus on operational requirements and make it easier for others to do business with us".

On a question of what influences the Rand / US Dollar exchange rate le Roux pointed out that the US Dollar acts counter cyclically and usually strengthens when bad world news breaks as investors look to invest in it.

For the time being he advises we keep an eye on the EU and trust that as a group they will act to solve their structural problems.

Leave a comment


SmartProcurement Newsletter
X

Please enter your details below to receive the SmartProcurement Newsletter for FREE on a regular basis.

As part of the SmartProcurement Newsletter you will be receiving World Class Procurement News, Tools, Tips, Tactics, Procurement Training updates, Upcoming Events, and the latest Procurement Career Openings.

* Email Address:
* Title:
* First Name:
* Surname:
* Company:
  Position:
* Country:
* Public / Private:

 

Career opportunites

Sourcing

  • >500 000 Gauteng Permanent Procurement Officer / Specialist Strategic Sourcing
Sourcing R 800 000 – R 1.0 million ...More

Sourcing

  • >500 000 Gauteng Permanent Procurement Officer / Specialist Strategic Sourcing
Sourcing R 800 000 – R 1.0 million ...More

Supply Chain Planner

  • <500 000 >500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
 Supply Chain Planner R 350 000 - R550 ...More

Supply Chain Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
Supply Chain Planner .R 350 000 - R550 ...More

Supply Chain Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
Supply Chain Planner .R 350 000 - R550 ...More

Supply Chain Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
Supply Chain Planner .R 350 000 - R550 ...More

Supply Chain Planner

  • <500 000 >500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
Supply Chain Planner R 350 000 - R550 ...More

Demand Planner.

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Strategic Sourcing
Demand Planner.R 400 000 – R 500 000 ...More

Logistics Specialist

  • >500 000 Gauteng Logistics & Warehousing Permanent Procurement Officer / Specialist
Logistics Specialist,R 400 000 – R 500 000 ...More

Warehouse & Distribution Manager

  • >500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Permanent
Warehouse & Distribution Manager.R 550 000 – R ...More

Operations Excellence Manager

  • >500 000 KwaZulu Natal Operations, Planning & Inventory Permanent Supply Chain
Operations Excellence Manager,R 700 000 – R 800 ...More

Operations Excellence Manager

  • >500 000 KwaZulu Natal Operations, Planning & Inventory Permanent Procurement Management
Operations Excellence Manager:R 750 000 – R 850 ...More

Supply Chain Manager

  • >500 000 Gauteng Permanent Supply Chain
https://www.tech-pro.co.za/pages/jobdetail.aspx#!Gauteng/Supply%20Chain/Supply%20Chain%20Optimization%20Manager/TP2004313/MMaR 900 000 – R 1.0 million CTC ...More

Procurement Specialist / Buyer

  • <500 000 >500 000 Permanent Procurement Officer / Specialist
Job Purpose/Scope The role will manage relatively small

Assistant Distribution Center Operations Manager

  • <500 000 Operations, Planning & Inventory Permanent Procurement Management Western Cape
(Total Cost to Company R360K-R420K) .Location: Cape Town.Opportunity ...More

Business Analyst Continuous Improvement Analyst

  • <500 000 Analyst Permanent Supplier / Business Development Western Cape
(Total Cost to Company R550K – R650K)Role: Business ...More

Senior Analyst

  • >500 000 Analyst Gauteng Permanent Projects / Category Management
(Total Cost to Company R600k – R700K) excluding ...More

Demand Planner

  • <500 000 Operations, Planning & Inventory Permanent Supplier / Business Development Western Cape
(Total Cost to Company R500K-R650K) Location: Cape TownThe opportunity ...More

Demand Planner

  • >500 000 Operations, Planning & Inventory Permanent Supplier / Business Development Western Cape
 (Total Cost to Company R500K-R650K) Location: Cape TownThe opportunity ...More

Commodity Specialist

  • >500 000 Commodities Gauteng Permanent Procurement Officer / Specialist
 (Total Cost to Company R500K – R600K) excluding ...More