What Happened: South Africa has experienced a notable increase in commercial crime and murder, according to a report for the 2018-2019 fiscal year from the South African Police Service, Fin24 reported Sept. 12. The report states that commercial crimes like corruption, fraud, embezzlement and others increased by more than 14 percent, while murders rose by 3.4 percent.
Why It Matters: Worsening crime data underscores the growing risks for companies operating in South Africa, which could discourage businesses from making large-scale investments in the country.
Background: Widespread unemployment and a host of other structural problems have contributed to increased crime and violence in South Africa in recent years, while efforts to prevent a further deterioration of public safety have largely failed.
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