AT A recent function sponsored by Rand Trust and Levendal & Associates , the Hon Minister Alan Winde stressed his commitment and support to local SMEs. Rand Trust’s Brian Tresidder explained the benefits of invoice discounting in providing working capital...

Johannesburg - All indicators are that 2012 is set to be a challenging economic year. As banks tighten up on loan requirements and funding becomes more difficult to secure, South African business owners are urged make funding provisions to protect their businesses from the damaging financial effects of market fluctuations. However, they may need to look to sources other than banks to do so.

Financing of specific fixed assets is generally accepted. However, the financing of current assets such as receivables has historically in South Africa been tainted as a stigma. The objective of this newsletter is to dispel a number of myths that exist about factoring and financing of receivables. These myths have contributed to the debate whether factoring or financing of receivables is a stigma, or provides a solution, to the financing needs of a business....