A number of Debtsource clients have over the past months queried with us what the difference is between a surety and guarantee. In some cases clients prefer to have a surety, while other clients are advised by their legal representatives to rather call for an unconditional guarantee. Credit Guarantee Insurance Corporation (CGIC) recently circulated a …
The following article is replicated with the kind permission of Euler Hermes South Africa Doing business with large companies can bring major benefits to a supplier: they are generally financially more stable, and can provide steady volumes of orders. However, it is still not a risk-free endeavor. Although the likelihood of failure is lower compared …
The domino effect of insolvencies: is your company ‘vaccinated’ against it? Read More »
https://www.businesslive.co.za/bd/business-and-economy/2021-02-25-free-to-read-business-day-insights-credit-management-feb-2021/
Excess Of Loss credit insurance cover has finally made its way to South Africa after being in development for the past 2 years. This is a real boost for local companies that credit insure their Business-to-Business debtors, which is a form of insurance that guarantees payment if any of their debtors fail to pay their …
