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South Africa's credit insurance industry is set for a shake-up, with French company Coface, the world's third-largest credit insurance company, buying 100 per cent of local credit insurance firm Credit Underwriting Agency Limited (Cual). The takeover, spurred by the exit...
International rating agency Global Credit Rating Co (GCR) has reaffirmed Credit Guarantee Insurance Corporation's (CGIC) claims paying ability rating of…
Coface buys 100% of CUAL, a leading South African Underwriting Agency, and opens a local subsidiary to support its first…
#exports#guarantees#international
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, will focus on black economic empowerment…
Greater interest in microlending by retail and commercial banks and increased microfinancing by private firms have pushed microlending activity to…
Khula Enterprise Finance reported a 40 per cent increase in the value of disbursements to small- and medium-sized enterprises (SMEs)…
The Banking Council of South Africa Debtor Financing Committee (incorporating the old Association of South African Factors and Discounters) held…
According to the Banking Council of South Africa, nearly 1,200 businesses made use of debtor financing services in 2003; the…
#bank#invoice#management
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’s move to Sunnyside Ridge Park in Parktown (close to the Sunnyside Park Hotel) is now complete. The…
Kй Concepts, leader in the deployment of comprehensive credit management solutions and development frameworks for the financial services sector, has…
#bank#compliance#financial services
The lowest interest rates in more than 20 years have not significantly curbed company liquidations in South Africa, which for…
The South African government is keen to spur exports and it offers a variety of incentives. The Industrial Development Corp…
#exporters#exports#international