In an article in the Business Report focusing primarily on the possibility of a rates cut next month, Credit Guarantee Insurance Corporation senior economist Luke Doig commented on the decease in claims against the company :
“….if our claims gauge is correct as a leading indicator, a possible 50 basis point cut in interest rates next month, together with a 15 cents per litre cut in fuel prices next week, may yet provide impulse to overall demand while also assisting to improve current business cash flows,” he said.
The company said its threatening losses or overdue advised …

Times Live :
Next month’s decision on interest rates will be a tough one for the Reserve Bank’s monetary policy committee.
With inflation less of a concern now, more calls can be expected for a rate cut.
Civil debt figures released by Stats SA on Thursday show consumers are still highly indebted, and are experiencing a high degree of financial vulnerability.
The figures show the private sector is still struggling with debt repayments, with individuals making up 92% of the judgments and business enterprises just 8%.
These figures come after Stats SA reported that the …

In a previous article we looked at the various different forms of security that a  commercial creditor providing credit to legal entities with limited liability can use to secure their debt. To view the article click here.
One of the more common forms of security used by commercial creditors is the cession of book debts.

A cession is the act by which a person/entity (known as the cedent) transfers their personal right to another (known as the cessionary). By signing a cession of book debts a debtor therefore agrees to transfer to …

Moneyweb’s Lindo Xulu reports:
“When it comes to entry level banking it’s all about getting the right model, once you’ve done that you can apply it on scale,” says Gerhard Coetzee Absa’sspecialist adviser on inclusive banking. With a somewhat high degree of saturation at the top end of the market Absa has joined the rush for the high risk, high reward entry-level market.
If one focuses on the savings side research suggests that the big four already reach 60% of bankable South Africans the highest penetration rate on the continent. According …

Phumuza Macanda for the Mail and Guardian reports:
Demand for credit from South Africa’s private sector fell more than expected in April, reflecting companies’ reluctance to borrow further in an uncertain economic environment.
Companies have mostly given a cautious outlook for this year and sales remain under pressure as demand in Africa’s biggest economy continues to be weak.
The central bank said on Monday credit demand fell by 0,86% year-on-year in April — the eighth monthly decline in a row — more than the 0,4% fall seen in a Reuters poll last …