Credit

Despite Areas of Recovery, Challenges Remain for the South African Consumer Credit Market

When is a debt not a “debt”?

Once upon a time, not too long ago, the word “debt” in the 1969 Prescription Act (the “Act”) covered just about any obligation to do anything. That, in turn, meant that virtually any obligation to do anything, or to demand that another party do something, was susceptible to the exigencies of the relevant prescriptive period in the Act.

Despite Challenging Economic Conditions, Serious Consumer Credit Delinquency Rates in South Africa Generally Declining

SMEs in China: Monetary easing won’t be sufficient to reduce credit pressure

When considering risk in the Chinese economy, a lot of the discussion has focused on large State-Owned Enterprises (SOEs) or large private conglomerates. However, headwinds impacting Small and Medium Enterprises (SMEs) should not be neglected.