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 »

A report released by the Financial Action Task Force in October last year flagged key weaknesses in parts of South Africa’s financial regulations that risk the country being greylisted. According to the report, South Africa has emerged as a hub for money laundering and the financing of terrorist activities due to rampant corruption and inabilities …

YOU HAVE TO REGISTER IN TERMS OF NEW FICA REGULATIONS! Read More »

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 »

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 »