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Certain major retail chains in South Africa are implementing a 10 per cent of annual purchases as a warranty reserve , to cover their risks should the supplier be unable to meet its warranty support obligations, according to the Banking...
Delayed payment from government departments puts enormous financial strain on small businesses. (more…)
#invoice#late payment#management
Barclays's Absa hires JPMorgan's Barrass. (more…)
The Public Protector has asked to assign billing fraud to a special category of criminal offences. (more…)
South African businesses' debt stress levels affected by weaker business confidence levels in the fourth quarter 2012, says new reports.…
#exports#trade
Financial services company Paragon Lending Solutions, a local non-bank lender, announced this week that it was experiencing a surge in…
#bank#financial services#non-bank lenders
Financial services group Cadiz, in partnership with the US Agency for International Development, have launched a R1 billion Cadiz High…
#financial services#guarantees#international
Cape Town-based Business Partners Limited, a specialist risk finance company for formal small and medium enterprises (SMEs), has launched a…
#risk#security#small businesses
Mark Seland, Head of Business Development Standard Bank of South Africa Ltd provides an overview of the South African factoring…
Tradehold Ltd, a South African investment holding company, buys indirect stake in West Yorkshire-based alternative finance providers. (more…)
Members of the South African Banking Association's Debtor Finance Committee have expressed concerns about new government legislation. (more…)
#insolvency#invoice#management
Coface to identify major credit scams in the South African region (more…)
#bank#frauds#risk
Factored turnover in South Africa grew by only 7% in 2011 and when inflation is taken into account there was no real…