The report, released on behalf of the banking industry, showed the Western Cape, Gauteng and KwaZulu-Natal accounted for 86.3% of all credit card gross-fraud losses in the country, with the rest of the provinces accounting for the remaining 13.8%.
Gauteng has over 50% of the credit card reports, the Western Cape 18.2% and KwaZulu-Natal 13.7%. In the past seven years, credit card fraud in the province rose from R15.4m to R32.4m.
The report on the other hand said there was an overall decrease in card fraud, with debit card fraud declining by 8.5%. Sabric chief executive Kalyani Pillay said the decrease seen in debit card fraud was due to a reduction in lost and/or stolen and counterfeit card fraud.