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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.
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