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South African insolvencies set to increase in 2016

Euler Hermes predicts that insolvencies in South Africa will increase by around 10%. BDlivehas published an article which cautions that as the outlook for South Africa’s economy becomes bleaker and insolvencies rise, businesses need to pay closer attention to their financial health to avoid getting into bigger trouble. Euler Hermes’ latest outlook 2015-16 report which states that insolvencies in SA will increase roughly 10% is noted. Earlier this month the World Bank noted that the SA economy was “flirting with stagnation, if not recession”, and projected growth of 0.8% for this year.