Collection Profession Leaders Weigh in on Key Risks Facing Credit Execs.
In a recent survey of the nation's leading collection industry professionals, we asked for two or three trends that they expect will have a significant impact on clients' collection practices. We also asked for their advice on how credit execs can best respond to these trends.
Risks are Evolving
"Debtors are more savvy than...
Saving versus credit: It’s all about balance ?
Did you know that South Africa has an overall savings rate of only 3%, which is compounded by the changeable economic environment? Currently there are 25 million credit-active consumers, while household debt as a percentage of disposable income is at around 72%. This means that for every...