South Africans paying millions to cybercriminals

‘If you gambled with a site that is in Germany, what is going to happen is you will have to surrender those winnings to us. Then we do an investigation. Then we determine whether it is unlawful,’ says Lungile Dukwana, acting CEO of the National Gambling Board.

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‘My sense would be that the banks, in principle, might have agreed to this proposal, or else the Reserve Bank would not have made the public announcement,’ says Jannie Rossouw, honorary professor at the Wits Business School.

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‘We've noted with concern over a few years that a lot of bad actors have infiltrated the industry under the pretext of so-called VIP protection, whereas in actual fact, it’s to have one's own personal militia to settle business disputes,’ says Chad Thomas, organised crime investigator at IRS Forensic Investigations.