A recent report by the Global Initiative Against Transnational Organized Crime indicates that organised crime is on the rise in South Africa. Upon analysis of 15 illicit markets, the report published in September ranks South Africa among the world\u2019s most notorious \u2018mafia states\u2019 \u2013 which includes the likes of Guatemala, Brazil and Russia.<\/p>\n\n\n\n
Kidnapping is among the 15 areas of organised crime examined in the report. This crime has shown a steady increase since 2008, with the only drop occurring during the first COVID-19 lockdown in early 2020.<\/p>\n\n\n\n
Peter Olyott, CEO at financial services provider, Indwe Risk Services recognises the severe impact of kidnappings on the country, \u201cOne only has to look as far as the cases of Lesego Tau or Yasin Bhiku to see how damaging these crimes are to our society. Kidnapping syndicates are extremely sophisticated and it\u2019s up to all of us to stay informed so we can best protect ourselves and our families.\u201d<\/p>\n\n\n\n
Kidnapping stats have more than doubled
Recent crime statistics for the first quarter of the 2022\/2023 financial year show a 59.1% increase in the number of kidnappings in South Africa. Most (42.1%) of these kidnappings are related to hijackings, followed by robbery-related kidnappings (15.6%).<\/p>\n\n\n\n
Although ransom and extortion-related kidnappings accounted for 2.5% of the total number of kidnappings, they are thought to be one of the most underreported crimes, according to the report.<\/p>\n\n\n\n
Distinguishing ransom and extortion from other types of kidnappings<\/p>\n\n\n\n
In the case of ransom and extortion-related kidnappings, the desired result is to elicit a payment or action in exchange for the victim\u2019s freedom.<\/p>\n\n\n\n
Ransom and extortion kidnappings are often regarded as the most lucrative types of kidnappings. Although a number of these syndicates are foreign based, there has been an uptick in kidnappings committed by local copycats who have identified the potential profitability of this crime.<\/p>\n\n\n\n
They can range from small-scale syndicates which target individuals in vulnerable communities to sophisticated ones which target high-net-worth individuals, with kidnappers demanding payment by wire transfer or even cryptocurrency.<\/p>\n\n\n\n
\u201cThis criminal trend poses an existential threat to all of us because the criminals are organised and experienced in getting the results they desire,\u201d says Olyott.<\/p>\n\n\n\n
The main effects of these kidnappings<\/p>\n\n\n\n
Kidnappings leave a profound impact on victims and their families. The most severe being emotional trauma, however, physical trauma is also common. Inexperienced kidnappers are more likely to inflict violence as they do not have the know-how to adequately deal with, and stay calm, in high-pressure situations.<\/p>\n\n\n\n
What\u2019s more is that the pronounced escalation in kidnappings may have a detrimental effect on South Africa\u2019s tourism economy, as the increasing prevalence of crime is likely to deter international travellers.<\/p>\n\n\n\n
Olyott concludes by saying: \u201cCrime is an unfortunate but real part of our day-to-day lives in South Africa. It\u2019s up to each and every one of us to take the necessary steps to keep ourselves and our communities safe.\u201d<\/p>\n\n\n\n
Indwe is able to provide risk and insurance solutions for kidnappings to both individuals and their families whether in South Africa or when travelling abroad. To find out more contact an Indwe advisor on 0860 13 13 14 or indwe@indwe.co.za.<\/p>\n\n\n\n
Indwe is an authorised Financial Services Provider. FSP: 3425<\/p>\n\n\n\n
About Indwe<\/strong> A recent report by the Global Initiative Against Transnational Organized Crime indicates that organised crime is on the rise in South Africa. Upon analysis of 15 illicit markets, the report published in September ranks South Africa among the world\u2019s most notorious \u2018mafia states\u2019 \u2013 which includes the likes of Guatemala, Brazil and Russia. Kidnapping is […]<\/p>\n","protected":false},"author":1,"featured_media":1343,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"yoast_head":"\n
Indwe Risk Services (Pty) Ltd is a leading personal, business, specialist risk and insurance advisory business. With the founding company established in 1903, Indwe has a formidable history in insurance and is today one of South Africa\u2019s largest brokers, delivering award-winning service to clients across the country. For more information visit www.indwe.co.za or phone 0860 13 13 14.<\/p>\n","protected":false},"excerpt":{"rendered":"