Tag: DebiCheck

Consumer debt is increasing – with worrying effects for companies. Strike Date Optimisation may be the single most effective tool standing between a business that flourishes in a difficult economy, and one that’s left floundering with a growing debt book. Much has been said about the challenges facing South African consumers at present.

TransUnion reports that consumer credit extension in South Africa is currently around R1.8 trillion, with approximately 9% of this debt at least three months in arrears. In addition, around 45% of the approximately 22.5 million credit-active consumers have impaired credit records.

A study conducted by research firm In On Africa revealed that 86% of Small Medium Enterprise (SME) owners use their smartphones for business purposes. While 60% of the SME owners also feel that limitations posed by lack of a reliable internet connection, reliable services or financial solutions pose a threat to the success of their business.