News Africa11 Dec 2023

South Africa:Fraud worth US$58m prevented by life and investment companies in 2022

| 11 Dec 2023

South African life insurers and investment companies detected 8,931 cases of fraud and dishonesty in 2022. While losses worth ZAR1.1bn ($58m) were prevented, the industry lost ZAR77m to fraud in 2022.

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