Shapiro Shaik Defries and Associates' Press office on Bizcommunity

Latest news

Consumers struggle to service debt repayments as living costs rise sharply

Time to batten down the hatches and deal with expensive debt as interest rates and inflation take their toll. 7 Jul 2022 Read more

Millions of South Africans are drowning in debt and have no plan to break the debt spiral

In an environment of rising interest rates, declining monthly household incomes, growing inflation and the highest fuel prices we have ever faced in our history, South Africans are facing extraordinary financial headwinds and struggling to service their debt on credit cards, store/retail cards, overdrafts and personal loans. Indebted South Africans have reached a point where the overall debt to annual net income ratio across all income bands has reached its highest level ever. 14 Mar 2022 Read more

The changing face of debt collection in the pandemic recovery

One of the lasting impacts of COVID-19 is going to be a significant increase in distressed, financially vulnerable consumers, many of whom will find themselves with impaired credit records through no fault of their own. Credit providers simply cannot assume a business-as-usual approach in the COVID-19 recovery stage. 15 Nov 2021 Read more

Key considerations in selecting a collections partner for your business

Levels of consumer and business financial distress have significantly deepened since the start of the COVID-19 pandemic. The fallout from job losses, business closures and general decrease in financial liquidity have forced sweeping changes onto how credit risk and debt collection need to be managed. The number of once diligently paying debtors who now find themselves in an untenable bind is growing exponentially. 5 Jul 2021 Read more

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Contact Shapiro Shaik Defries and Associates

Tel: 011 019 0001
Email: az.oc.adss@ofni
Web: www.ssda.co.za
Address: 257 Beyers Naude Drive, Blackheath, Cresta, South Africa