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

Warehouse Manager

  • <500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Permanent
R400 000 - R480 000 CTC per annum.Location: ...More

Supply Chain Analyst

  • <500 000 Analyst Permanent Supply Chain Western Cape
R400 000 - R500 000 per annum.Location: Cape ...More

Commodity Manager

  • <500 000 Commodities Gauteng Permanent Procurement Consultant
R650 000 - R750 000 per annumLocation: Cape ...More

Logistics Manager

  • <500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Permanent
Salary: R 800 000 - R 900 000 ...More

Demand Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Projects / Category Management
Salary: R 600 000 - R 650 000 ...More

Supply Chain Analyst

  • <500 000 Analyst Gauteng Permanent Supply Chain
R600 000 - R700 000 per annum Location: ...More

Commodity Manager

  • <500 000 Commodities Gauteng Permanent Procurement Management
R850 000 - R1 000 000 per annumLocation: ...More

Commodity Manager

  • <500 000 Commodities Permanent Procurement Management Western Cape
R700 000 - R850 000 per annum,Location: Western ...More

National Supply Chain Manager

  • <500 000 Across borders Permanent Procurement Management Supply Chain
R750 000 - R1 000 000 per annum,Location: ...More

Industrial Engineer

  • <500 000 >500 000 Industrial Engineer Operations, Planning & Inventory Permanent Western Cape
R450 000- R500 000 CTC per annum,Location: Western ...More

Commodity Manager

  • <500 000 Commodities Gauteng Permanent Procurement Management
Category: Procurement,Salary: R700 000 - R800 000 per ...More

Supply Chain Manager

  • <500 000 Gauteng Permanent Procurement Management Supply Chain
Category: Consulting,Salary: R750 000 - R800 000 CTC ...More

Logistics Manager

  • <500 000 Across borders Logistics & Warehousing Permanent Procurement Management
Category: Logistics,Salary: R900 000 - R1 000 000 ...More

Demand Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Projects / Category Management
Area of Specialisation: Planning,Salary: R500 000 - R650 ...More

Industrial Engineer

  • <500 000 Analyst Gauteng Industrial Engineer Permanent
R800 000 - R850 000 CTC per annum.Location: ...More

Security Manager

  • <500 000 Analyst Gauteng Permanent Procurement Officer / Specialist
(Total Cost to Company R350K - R550K).This is ...More

Operations Manager

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Projects / Category Management
(Total Cost to Company R650k - R750k) excluding

Commodity Manager Raw Materials

  • <500 000 Commodities Gauteng Permanent Strategic Sourcing
(Total Cost to Company R980k - R800k) excluding ...More

Commodity Manager Logistics

  • <500 000 Commodities Gauteng Logistics & Warehousing Permanent
(Total Cost to Company R1mil - R900k).Industry: Engineering

Procurement Consultant

  • <500 000 Gauteng Permanent Procurement Consultant Procurement Management
(Total Cost To Company 550K - 450K) includes ...More