Dealing with debt in your Business

Dealing with debt in your business As the majority of businesses return to normal operations, many will return to face a burden of accumulated debt as a result of restricted trading. The latest studies have confirmed the impact of COVID-19 resulting in a devastating debt burden for South Africans. The debt holiday offered by the banks in late March 2020 had added R20.7 billion to the debt of the estimate 1.6 million South Africans who took advantage of this. Credit bureau TransUnion reported that by August, 21% of those surveyed reported losing their jobs as a result of the pandemic; and [...]