Tag: credit

When things look their bleakest is when mighty business empires are formed. When the headlines are full of #GuptaLeaks, credit rating agencies, US President Donald...

Few people realise that the largest source of business funding in South Africa is provided by private companies themselves. Businesses extend credit to their customers and obtain credit from their suppliers, usually in the form of short-term funding which lasts for 30 to 60 days per transaction.

On 3 April 2017, Standard and Poor’s Ratings Services decided to cut South Africa’s international credit rating from BBB- to BB+. A rating of BB+ is considered below investment grade (sometimes referred to as "junk status”). Unfortunately, the negative ratings outlook was also retained, suggesting that S&P could revise the country’s credit rating lower at year-end should the fiscal parameters deteriorate significantly.

This year will see three areas in the financial services sector impacted by technology. These are customer relationship management, the processes of banking and...

Small businesses are often the first ones to be hardest hit during difficult times. However, there are ways business owners can take control –...