Tag: Debtsource

A thorough credit policy accelerates the development of your business, no matter the size. In other words, a clear and well-defined credit policy for growth is essential for driving business success. A credit policy empowers business owners to manage risk effectively. It also improves cash flow and helps build stronger, more reliable customer relationships.

In a bold move to overhaul a justice system buckling under the weight of unprecedented gamesmanship by defendant counsel in delaying court dates, South Africa's high courts will institute mandatory mediation for civil cases before any trial dates are assigned. This sweeping directive was issued on 14 April and is slated to take effect in May 2025.

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.