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South Africa

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 Financial Services Charter is going to seriously challenge all the service providers in the SA financial economy. To read about...

#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


Money laundering threatens economy

Money laundering poses a serious threat to South Africa's democracy and governance which have been hard earned, says the National…

#anti-money laundering#bank#economy


Small businesses shy of debtor financing

Not enough small- and medium-sized enterprises (SMEs) are using debtor finance to improve cash flows and grow their businesses, according…

#bank#financial institution#international


Reserve Bank slashes repo rate to lowest since 1986

Prime lending rates are set to hit a 17-year low of 12 per cent after the South African Reserve Bank…


Small firms are key to development in Africa

Small- and medium-sized enterprises (SMEs) are key to African development, South African Reserve Bank (SARB) governor Tito Mboweni said in…

#bank#conference#small businesses


Credit Guarantee notches up strong surplus despite a depressed...

Despite adverse conditions in the global business environment, SA's largest credit insurance and reinsurance company, Credit Guarantee, managed to produce…


Export firms told credit insurance vital, even when doing...

One of SA's top ferrochrome exporters has found itself in trouble after failing to secure payment for an export deal…


WesBank cuts interest rates for SME job creators

WesBank, the vehicle and movable equipment financier, yesterday launched "job creation finance", an interest rebate based finance scheme aimed at…

#interest rates#Jobs#smes


South African Reserve Bank cuts key repo rate by...

The South African Reserve Bank's Monetary Policy Committee (MPC) on Wednesday (10 September) announced a 100 basis-point (bps) cut in…

#bank#interest rates#international


Alternative exchange adds new advisers for SMEs

The JSE Securities Exchange (JSE) has announced eight additional designated advisers for companies, especially small- and medium-sized enterprises (SMEs), wanting…


Key interest rates cut by 1%

The Reserve Bank said on Thursday (14 August) it was cutting its key repo rate by 100 basis points to…

#bank#banks#inflation

Draft Financial Reporting Bill is good news for SMEs

Small companies (with “(Pty) Ltd” after their names) may in future be allowed to present simplified, more easily prepared accounts,…

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