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South Africa

South African factoring volume increases 19% in 2020

South Africa has eight major specialist debtor financiers and approximately 30 privately owned debtor financiers, said Nompumelelo KarumbidzaNational Manager: Sales – Debtor Management, Nedbank Limited, South Africa in the regional article included in the World Factoring Yearbook 2021.The eight major financiers are members...

#invoice#management#Nedbank

South African BBC urges government to pay small businesses...

he Black Business Council (BBC) has requested the President Cyril Ramaphosa to make sure that... (more…)

#overdue invoices


Saudi Arabia embraces e-invoicing to fight ‘hidden’ economy

In order to reduce shadow economy transactions and promote fair ... (more…)

#Access to Finance#digital#digital transformation


ECIC expands offering for South African exports to Africa

The South African Export Credit Insurance Corporation (ECIC) product offerings will be expanded... (more…)

#export credit insurance#exporters#exports


Absa and Addendum Financial Services processed more than 20,000...

Absa in collaboration with Addendum Financial Services (Addendum) provides... (more…)

#ABSA#supply chain finance


David Cory to retire this month

David Cory is retiring this month after more than 20 years in the South African... (more…)

#international#invoice#management


Tradeshift partners with Raindew for new supplier payment scheme    

Tradeshift, which works in supply chain payments and marketplaces, has teamed with... (more…)

#Tradeshift


Ninety One launches US$600m fund for South African firms...

British asset management company, Ninety One has embarked on an impact investment initiative... (more…)

#bonds#COVID-19#management


First South African Bank to join Marco Polo Network

The Marco Polo Network and Standard Bank Group announced that Standard Bank has joined the Marco Polo Network... (more…)

#bank#blockchain#ING


South African invoice financier to offer R1bn (US$71m) to...

...a fintech specialized on invoice finance, member of the South African SME Finance Association... (more…)

#bank#bank loan#international


South African bank to invest in working capital SMEs...

South African challenger bank Sasfin has moved to boost its SME business by buying a stake in local digital lending…

#bank#payment terms#smes

SME confidence on the rise despite challenging economy in...

Against a challenging economic background, broad small business confidence indicators have exhibited... (more…)

#Access to Finance#cash-flow#small business

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