If you seldom, if ever, go through your bank statement, line by line, consider this: Fraudulently acquired lists of consumers’ names, ID numbers, cellphone numbers and bank account details are apparently being traded in the marketplace. This is information that makes it easy for the ethically challenged to activate a debit order on your account, without your knowledge, much less your consent.
Every month South African banks process about 31 million debit orders, 0.4 percent – 120 000 – of which are disputed, according to the Payments Association of SA (Pasa).
Few things annoy shoppers more than seeing a store employee applying higher prices to goods already on the shelf.
The implication is obvious – the supplier price may well have gone up, but that shouldn’t apply to the goods on shelf, as clearly they were acquired at a lower price, therefore the extra profit margin on those items is unwarranted.