Batten Down The Hatches

South African businesses need a different mindset to address ongoing stock losses and fraud.

- Andrey Popov

In the absence of a ‘proper’ risk mitigation plan and losscontrol blueprint, South African business owners will never address the critical levels of theft and fraud impacting on our economy, according to commercial investigator and international risk consultant, Kyle Condon.

“Trust and effective loss control do not go together. We live in a society that has criminal presence constantly lurking. Old-style security measures and trusting everybody has left businesses open to losses. Employees need to be watched continuously and loss-control tactics need to be revised to accommodate this,” says Condon.