With the looming national lockdown due to commence at midnight on 26 March 2020, commercial credit grantors are very likely to experience a flood of requests for extended payment terms from debtors. Trade credit transactions are typically based on 30 days from statement trading terms, however many debtors are likely to default on these …
National Lockdown – the credit management response Read More »
Over the past few years there have been persistent rumours that South African banks will no longer be providing bank codes. In October 2019 this possibility became a reality when Citibank and Investec announced that they will not be supplying codes. Following this, Standard Bank announced that they will also not be providing bank codes …
In an increasingly strained economy, what are the top credit management tips for businesses? Growing a business in a strained economy is tough. Getting paid by your customers in a strained economy is even tougher. With the economy having contracted by 3,2% in the first 3 months of 2019; April liquidations up by 53,1%; and …
Access to trade credit facilities is critical for business success. Business financing may come via loans from business owners or even facilities from banks, but it is very likely that the majority of your business funding will be via short-term supplier credit. In simple terms – you probably owe suppliers more at any time than …
Financing your business – the overlooked trade credit angle Read More »
