Company Announcement: Business Fraud- Buyers Beware

Coface South Africa, the international credit insurer, has cautioned its clients about the dangers of fraud and specifically white collar crime.

Fraudulent claims having big impact on short-term insurers

Trade credit protection and solutions company Coface South Africa says fraud is expected to cost the South African short-term insurance industry about R2-billion a year, owing to the increasing prevalence of fraudulent claims.