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Coface, the international credit insurer, says that after 10 years of frenetic growth, the BRICS are slowing down sharply: for 2014, Coface forecasts growth of on average 3,2 points lower than the average growth these countries registered over the previous decade
Coface’s survey of corporate credit risk management in China, carried out in the fourth quarter of 2013, revealed that 8 out of 10 companies in China experienced overdue payments in 2013.
2013 saw a significant increase in the number and value of credit insurance claims received by Coface South Africa year on year, according to Gerhard Buitendag, collections manager of Coface South Africa.
The Index shows that debt stress amongst businesses continues to fall.
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