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South Africa

Coface opens subsidiary in South Africa

Coface buys 100% of CUAL, a leading South African Underwriting Agency, and opens a local subsidiary to support its first direct credit insurance operations on the African continent. Coface already has offices in Africa offering company information, and has established...

#exports#guarantees#international

World Bank to focus on black economic empowerment and...

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, will focus on black economic empowerment…


Microlending activity at record levels as banks focus on...

Greater interest in microlending by retail and commercial banks and increased microfinancing by private firms have pushed microlending activity to…


Khula disbursements to SMEs totals R280m

Khula Enterprise Finance reported a 40 per cent increase in the value of disbursements to small- and medium-sized enterprises (SMEs)…


Banking Council of South Africa – Debtor Financing Committee...

The Banking Council of South Africa Debtor Financing Committee (incorporating the old Association of South African Factors and Discounters) held…


South Africa – receivables management, collection and credit insurance

According to the Banking Council of South Africa, nearly 1,200 businesses made use of debtor financing services in 2003; the…

#bank#invoice#management


South African export guarantor refines loan system

The state-owned Export Credit Insurance Corporation has lost business because of the inability of South African banks to source loans…

#export credit insurance#exports#interest rates


The Banking Council of South Africa has moved

The Banking Council’s move to Sunnyside Ridge Park in Parktown (close to the Sunnyside Park Hotel) is now complete. The…


Sasfin invests in new ABF solution software

Kй Concepts, leader in the deployment of comprehensive credit management solutions and development frameworks for the financial services sector, has…

#bank#compliance#financial services


Bankruptcies up despite cost of finance at 20yr low,...

The lowest interest rates in more than 20 years have not significantly curbed company liquidations in South Africa, which for…


Government spurs exports with incentives

The South African government is keen to spur exports and it offers a variety of incentives. The Industrial Development Corp…

#exporters#exports#international


Facing the challenges of the Financial Services Charter

Last year was very interesting in the South African (SA) debtor financing industry, which continues to be extremely dynamic. The…

#economy#financial services

Post-insolvency set-off: South Africa moves towards international best practice

Globalisation and the rapid expansion of international trade has highlighted the need for uniform and consistent insolvency legislation across international…

#insolvency#international#International Trade

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