The Department of Trade and Industry has published a draft set of regulations to govern aspects of the debt re-arrangement application to court by both debt counsellors and debtors themselves, as well as applications to court for an order declaring credit agreements reckless agreement in terms of Section 86(7)(c).
A copy of the draft regulations is downloadable at polity.org.za , amongst other and submissions on the draft have to reach the DTI on or before the 25th February 2010.

With the continuing effects of the economic downturn being felt by businesses, the importance of good credit management has been magnified and all companies credit management policies and procedures need to be reviewed and upgraded in order to avoid your company becoming a statistic of the poor economy.
This is a half day seminar in Cape Town on the 8th March 2010 and in Durban on the 12th March 2010 aimed at commercial creditors (businesses who supply other businesses on credit). Specific staff who will benefit from this seminar are credit managers, …

Stats SA has release the following information:
The number of civil summonses issued for debt increases
In the three months ended November 2009 reflected a 5,1% increase in the total number of civil summonses issued for debt compared with the three months ended November 2008. An increase of 8,1% was recorded between November 2008 and November 2009 .
The major contributors to the increase in civil summonses issued for debt for the three months ended November 2009 compared with the three months ended November 2008 were civil summonses issued in respect of money …

” In organizations, real power and energy is generated through relationships. The patterns of relationships and the capacities to form them are more important than tasks, functions, roles, and positions.”
- Margaret Wheatly

Stats SA released the key findings regarding liquidations for August 2009.
The total number of liquidations increases at slower rate. The  total  number  of  liquidations  recorded  for  the  first  eight  months  of  2009  increased  by  29,7%  (from  2 037  to 2 643) compared with the first eight months of 2008. However, the total number of liquidations recorded for August 2009 decreased by 7,4% (from 285 to 264) compared with August 2008, due to decreases in the transport, storage, communication  and  the  financing,  insurance,  real  estate,  business  services  categories  (22  and  13  …