As I have been looking at various articles on some South African companies and their credit policies and/or performances perhaps we should add the Business Report article on South Africa’s biggest clothing retailer ( although they are much more then just that ).

Edcon said “84 percent of the debtors book was current and able to buy, compared with 86 percent in June last year”.

In the year to March, Edcon, which owns Edgars and Jet, acquired 585 000 new account holders, bringing the total to 4.1 million.

This is not only a reflection on Edcons bad debt position but a general reflection on the entire credit retail economy which has been booming with the interest rate and lower income tax cuts and now seems to be over-heating a bit.