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Payment holiday: what you should know

Covid-19 certainly calls for extreme measures. The financial impact on individuals and businesses is extreme. Individuals and businesses are desperately looking for solutions to carry them through the lockdown period as well as the recovery phase thereafter. Most banks and other credit providers have offered payment holidays. Payment holidays are a welcome relief and definitely one solution to consider. It is however important to fully understand what a payment holiday entails, and what the impact thereof is over the longer-term.

Personal Finances

Latest

Payment holiday: what you should know

Covid-19 certainly calls for extreme measures. The financial impact on individuals and businesses is extreme. Individuals and businesses are desperately looking for solutions to carry them through the lockdown period as well as the recovery phase thereafter. Most banks and other credit providers have offered payment holidays. Payment holidays are a welcome relief and definitely one solution to consider. It is however important to fully understand what a payment holiday entails, and what the impact thereof is over the longer-term.

Business Finances

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8 Financial Reasons Why Businesses Fail

Many businesses fail due to finance related reasons. Financial reasons can cause for both small businesses and large corporates to fail. South Africa has one of the highest failure rates of new SME’s in the world. A study done by SEDA (The Small Enterprise Development Agency) in 2017 indicated that 75% of SME’s in South Africa fail. What are the 8 financial reasons why businesses fail?

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