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% […]

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

The Industrial Development Corporation (IDC) has earmarked a R1.5 billion funding package in response to the civil unrest, looting and destruction of property that occurred in parts of the country, according to the company’s website. The IDC’s R1.5 billion Post Unrest Business Recovery package includes funding support for businesses and communities impacted by the unrest.

The rumours of bank codes becoming non-existent has settled into a reality. This has been an ongoing discussion amongst banks within South Africa over the last few years. The first two banks to implement the extinction of bank codes were Investec and Citi Bank as they publicly notified businesses of their decision in October 2019.