SA improves in credit defaults

SA improves in credit defaults

The rate of first-time defaulting debt balances declined from 3,78% in August 2016 to 3,44% in August this year, amounting to a total default amount of R13,13-billion during the period June to August 2017. The short-term monthly trend on Experian’s latest...

FMF requests more time for new bills

The departments of labour and telecommunications and postal services together published four bills on 17 November 2017 with periods for public comment that the industry has slammed for being inadequate. The Free Market Foundation has released the following statement,...

Cellular users prefer Vodacom; MTN lags

Cellular network customers are the least satisfied with MTN, according to latest South African Customer Satisfaction Index (SAcsi) for Cellular Networks, conducted by Consulta. The network provider’s score declined from 75.8 to 74.2 points, a 1.6-point decline...

PayU aces 8,5-times Black Friday traffic

In a Black Friday that saw the spike in volumes challenge many e-commerce companies, payment services provider PayU facilitated an increase of around 8,5-times the transaction volumes from last year and experienced 0% downtime across all of its system components....

SME failures will spike without funding

The South African SME sector is set for a major crisis unless access to adequate business funding can be ensured as a matter of urgency. This was the key takeout from the just-released Key Funding Challenges for South African SMEs 2017 report developed by online...

Virtual reality set for 2018 growth

Virtual reality headset shipments are showing no signs of slowing, as the quarterly total exceeded 1-million units for the first time in Q3 2017. Sony took the lead, shipping more than 490 000 PlayStation VR (PS VR) sets in Q3. It was followed by Oculus, which shipped...