Former Clover manager in court for allegedly defrauding employer over R3 million
A former Clover manager has been granted R10,000 bail after appearing in Kimberley on allegations that he caused losses of more than R3 million by manipulating the company’s accounting system.
A 45-year-old former Clover Kimberley branch manager has been released on R10,000 bail after facing charges of allegedly defrauding his employer of over R3 million, according to prosecutors. Werner Veldman made a brief court appearance in Kimberley Serious Commercial Crimes Court following his arrest by the Hawks' Serious Commercial Crime Investigation team in Johannesburg.
Veldman, who was employed as a manager at Clover South Africa's Kimberley branch, faces multiple charges including fraud, theft, and contravening the Electronic Communications and Transactions Act 25 of 2002 and the Companies Act. The alleged offence reportedly occurred between January 1 and April 30, 2024, when Veldman allegedly manipulated the company's accounting system by recording cash paid invoices as electronic fund transfers (EFTs).
This fraudulent act, according to the Hawks, led to a financial loss of more than R3 million for the company. The matter was postponed to October 14, 2026, for further investigation.
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