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WesBank urges vigilance as festive season vehicle auction scams rise
The Star
|November 27, 2025
EXERCISE CAUTION
WITH year-end bonuses soon to be paid out, South Africans are being advised to exercise caution amid a rise in fraudulent vehicle auctions targeting festive season buyers.
Industry figures from late 2024 indicate that almost 70% of South Africans were targeted by fraud, with victims losing an average of more than R12 500.
Digital banking fraud increased by 86%, costing the industry R1.888 billion, and vehicle auction scams have become a growing contributor. WesBank has warned that increased buyer activity in December creates an opportunity for fraudsters operating online and in person.
This story is from the November 27, 2025 edition of The Star.
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