April 26, 2018
afs solution

Finally – a solution to Assess; Insure; Finance; and Manage your credit risk!

To assess; insure; finance and manage your trade credit risk has been the Debtsource vision since our inception in 2003. This vision has now been made a reality through a collaboration with Alternative Finance Solutions (AFS) concluded earlier this year and now ready for launch. AFS specialises in debtor invoice discounting solutions and was born out of the very successful private equity firm – Preference Capital (Pty) Limited, a member of the Stonewood Capital Group. The significant advantage for Debtsource clients is the ability to assess their initial credit risk through detailed research, and then to couple approved debtors with the AFS invoice discounting solution. This solution simply means that […]
April 23, 2018
management advice

Critical credit management advice for small business and start-ups

Starting or running a small new business can be an exciting yet daunting prospect, and there are many hurdles which owners must overcome to ensure that their business survives for the long-term. Primary among the business survivalist toolkit is a healthy cashflow. The saying goes “turnover is vanity, profit is sanity, but cash flow is reality.” Without being able to pay staff and suppliers on time, your business will not survive very long. At the core of a healthy cash-flow lies the function of credit management. It sounds quite simple if you think about at it first – you just need to make sure that clients pay their bills on […]
March 28, 2018
You've been stolen

You’ve been stolen

So, you thought you were you? You aren’t. You’re him. And her. And the guy who bought that new Xbox you never used.   Towards the end of 2017, Troy Hunter, well-known security researcher and the creator of Have I Been Pwned, discovered that the personal details of more than 75 million South Africans had been leaked to the internet. This massive database came from the web server of a company called Jigsaw Holdings, and within it lay the ID numbers, contact details, addresses, and income estimates of every single one of these 75 million people. He found the identity thief’s equivalent of an oasis in the desert. Here lay […]
March 23, 2018

Small businesses set to be the biggest loser if land grab without compensation becomes commonplace

Many South Africans believe that land grabs will only directly impact those whose land is expropriated if land grabs without compensation become commonplace. According to Frank Knight, CEO of Debtsource – a specialist credit management company – the impact of such land grabs will however be far deeper and more damaging to our economy than many appreciate. “One of the contributing reasons why Africa has been slow to step out of poverty, is because property rights have not been respected across many parts of the continent” says Knight. He explains that African property owners, such as small farmers that own subsistence-living land in Africa, are unable to use their property […]