Factored turnover in South Africa grew by only 7% in 2011 and when inflation is taken into account there was no real growth at all.
Following recent publication of Debtor Financing Statistics for 2011 by the Banking Association of South Africa, Nick Hough of Corporate Cashflow Solutions (CCS) gives Factorscan his views on why growth is so difficult to achieve and what needs to be done to faciltate real growth in debtor finance in South Africa.
