REPORT TO SARS
If you suspect an individual or company of trading illegally, you can help to combat fraud by submitting their details to the SA Revenue Service (Sars). Many schemes are very careful to operate outside the jurisdiction of the various regulators, making it difficult to find redress.
However, it is more challenging for them to circumvent the long arm of the taxman, as was demonstrated in the infamous story of the 1920s US gangster Al Capone, who ended up in jail due to tax evasion.
If an individual or company is accepting public money and promising profits, they have to be registered with Sars and pay taxes.
As Sars is bound by taxpayer confidentiality clauses in the Tax Administration Act, it cannot provide you with information on the company or individual, but it can investigate any alleged suspicious activity to determine whether fraud is occurring.
You can contact the Anti-Corruption and Fraud Hotline on 0800 00 2870 or complete the online suspicious activity report form on the Sars website at sarsefiling.co.za.