Buying and selling property is a complex process, made all the more daunting by a multitude of potential pitfalls that can compromise a sale, but even more perilous is the proliferation of brazen fraudsters whose increasingly sophisticated scams are not only fleecing buyers and sellers but also property practitioners.

The Mpumalanga department of public works has recommended remedial action of the public protector's report relating to the unlawful awarding of tenders for shop leases in Pilgrim's Rest.

The Department of Public Works has launched a civil action case against well-known Johannesburg landlord Sayed Hoosen Mia and two former department employees in a bid to recoup the proceedings of an R8 million scam.

Tuesday, 19 April 2005 02:00

No fraud loss to fund

Investec Property Group has acted quickly to nip in the bud a case of alleged fraud at Metboard Properties, a listed fund it manages.

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