Debtsource

Warning signs your credit client may be heading for liquidation

A rise in insolvencies is becoming a growing concern for businesses offering trade credit, with load shedding posing significant challenges, says Frank Knight, CEO of credit management services company Debtsource. While there is no direct correlation between load shedding and business insolvencies, additional costs and disruptions caused by power outages can adversely affect cash flow …

Warning signs your credit client may be heading for liquidation Read More »

high interest rates

High interest rates mean it’s time to rein in your debtors book

We are entering an environment in which interest rates are increasing quite sharply. South Africa experienced its biggest increase in borrowing rates in almost two decades and was simultaneously warned of a faster pace of hikes through next year. In mid-July the SA Reserve Bank’s monetary policy committee raised the repurchase interest rate to 5.5% …

High interest rates mean it’s time to rein in your debtors book Read More »

system upgrade

Debtman Upgrade

Debtsource is pleased to announce that with effect from 5 January 2022, our Debtman system will be upgraded to an improved user experience. Over the past 10 months we have developed, tested, and implemented a revised online solution which will result in more streamlined access for our clients and internal users. The system will be …

Debtman Upgrade Read More »