IDC

11/15/2016

Theft and fraud charges against IDC employees

The Industrial Development Corporation (IDC) has laid criminal charges against eight employees for corruption, theft and fraud, but the cost to the development financier has not been disclosed. “Since 2009, 21 … employees were involved either in corruption, theft or fraud,” said IDC spokesman Mandla Mpangase. “The IDC has laid criminal charges against employees who …

08/31/2016

Couple in the dock for R1.1 million fraud

Fraud Alerts

PRETORIA – Mathakha David Madzivhandila (40) and his 36-year-old wife, Hilda Lutendo Madzivhandila, were on Monday granted R5 000 bail each by the Johannesburg Specialised Commercial Crimes Court following their arrest earlier in the day for fraud. The couple allegedly approached the Industrial Development Corporation (IDC) and applied for funding to develop their business. They …