Place Credit Risk Management South Africa
Economy Overview:
South Africa is a middle-income, emerging market with an abundant supply
of natural resources; well-developed financial, legal, communications,
energy, and transport sectors; a stock exchange that ranks among the 10
largest in the world; and a modern infrastructure supporting an
efficient distribution of goods to major urban centers throughout the
region. However, growth has not been strong enough to lower South
Africa's high unemployment rate; and daunting economic problems remain
from the apartheid era, especially poverty and lack of economic
empowerment among the disadvantaged groups. South African economic
policy is fiscally conservative, but pragmatic, focusing on targeting
inflation and liberalizing trade as means to increase job growth and
household income.
Requirements:
- Instructions / authority to proceed with negotiated settlement on the company letterhead.
- Full details of the debtor/s and a summary of how the debt was incurred.
- The amount owing, and the particulars of how it is arrived at.
- Other supportive documentation such as invoice, bill of lading etc.
- Copy of demands made by your company for payment, and copy of any correspondence from the debtor/s that is held on file.
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