With year-end exams upon us and thousands of matriculants deciding on a future study path, CEO of credit management company Debtsource, Frank Knight, has reiterated the importance of a career choice aligned to high-demand occupations. Every two years, the Department of Higher Education and Training publishes a list of over 370 high-demand occupations in South Africa, which highlights occupations that show relatively strong employment growth or are facing staff shortages and which may to be in demand in future. According to the department, there is a growing international need for education and training to be better coordinated with the needs of society and economy. Its list identifies high demand occupations […]

The dilemma of having qualifications with no experience remains a challenge with organisations who try to bridge the skills gap in both the skilled and professional labour factions.  This challenge is often compounded by economic factors such as the low employment rate. In 2014, Debtsource, a specialist credit management company that provides complete solutions for any business that extends credit to their customers, established a learnership programme assisting students who complete their diploma in credit management to become competent and well-rounded credit management specialists. “The aim of the learnership programme is not only to open doors for employment in the credit field but to address a unique skills requirement. We […]

Terms and conditions are often overlooked or not drafted in detail when entering into a business agreement with potential customers. One would think that all entrepreneurs and business owners would always insist on signing proper agreements and read the ones that come across their desk. In most instances, this turns out not to be the case. Frank Knight, CEO of Debtsource – a specialist B2B credit management company – highlights six basics that business owners should consider when concluding B2B credit agreements with clients. Of the thousands of credit agreements (credit application forms) that we audit for our customers every month, only about 40% require no changes, meaning that a […]

Striking a balance to best finance your business – why it’s imperative to understand the options   With several available options to finance your business, figuring out which is best for you can be both daunting and confusing. Entrepreneurs typically hate asking for finance, which often means that they’ll pick the “path of least resistance” rather than the correct option for their business. Frank Knight, CEO of Debtsource, unpacks different financing options and identifies what makes most sense for your business. The two most important elements at play in business finance are rate and securities. Finding the correct balance for the business is finding the right mix between what interest rate […]