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Credit News, Credit Risk, Economic News »

[26 May 2014 | No Comment | ]
Reckless lending requires oversight, not just denial

A very interesting article in the Business Day by Mark Barnes .
IF THE latest set of results in the unsecured lending sector is anything to go by, there is trouble in the land. Is there? How did this happen and is a messy bubble about to burst?
May is the new January. After all the holidays in April, April has become the new December, for spending and holidays, that is. Normally, in January, after the holiday spending spree, there is little or no space left in those credit cards, all of …

Economic News »

[4 Aug 2010 | No Comment | ]
SA Liquidation Growth Trend Continues

Stats SA released the Company and Close Corporation liquidation statistics up to the end of June 2010. The continuing upward trend in liquidations is illustrated by the graph above.
The total number of liquidations recorded for the first six months of 2010 increased by 5,8% (from 1 951 to 2 065) compared with the first six months of 2009. The total number of liquidations recorded for June 2010 increased by 21,9% (from 311 to 379) compared with June 2009 .
This 5,8% increase in the total number of liquidations for the first six months …

Credit News, Economic News »

[29 Jun 2010 | No Comment | ]

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 …

Credit News, Economic News »

[21 Jun 2010 | No Comment | ]

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 …