With the current economic downturn, 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 aimed at commercial creditors (businesses who supply other businesses on credit) to be hosted in Durban, Johannesburg, Port Elizabeth and Cape Town.

With the current economic downturn, 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 aimed at commercial creditors (businesses who supply other businesses on credit) to be hosted in Durban, Johannesburg, Port Elizabeth and Cape Town.

The long-awaited High Court declaratory Order sought by the National Credit Regulator, attempting to resolve numerous problems arising from the vagueness of the National Credit Act, particularly relating to the process of debt counselling applications and debt relief, was handed down on 21st August 2009.
A copy of the judgment can be found at the Southern African Legal Information Institute website.
The Court granted 11 Orders regarding the interpretation of the National Credit Act, 10 relating to over indebtedness and debt review practical procedures and one relating to the charging of interest …

The issue of how far an estate agent or sectional managing agent could go in the collection of outstanding rentals and section title levies has been a vexed question.
Thuli Zungu in the Sowetan reports on the decision that was made by the Council for Debt Collectors on the issue:
“….Bernard Irvine won a case involving people who stay in sectional title apartments and who were subjected to exorbitant charges for letters and telephone calls reminding them (occupants) to pay their debt arrears.
In a landmark ruling on June 6 last month a …

The issue of how far an estate agent or sectional managing agent could go in the collection of outstanding rentals and section title levies has been a vexed question.
Thuli Zungu in the Sowetan reports on the decision that was made by the Council for Debt Collectors on the issue:
“….Bernard Irvine won a case involving people who stay in sectional title apartments and who were subjected to exorbitant charges for letters and telephone calls reminding them (occupants) to pay their debt arrears.
In a landmark ruling on June 6 last month a …

Marc Ashton on Fin24.com:
Bad debts were on the wane, according to Nedbank which today disappointed analysts with lower-than-expected interim earnings, but promised less impairments in its business units in the future.
This was after reporting a quarter-on-quarter marginal improvement in its credit loss ratio – the percentage of bad debt or impairments relative to its loans and advances.
Nedbank was the second of South Africa’s big four banks to report this week, following Absa on Monday. Nedbank’s headline earnings decreased by 32.4% from R2.9bn to R1.9bn for the six months to June …