SA business confidence falls to worst level since 2009 recession

SA business confidence falls to worst level since 2009 recession

According to the latest RMB/BER Business Confidence Index, business confidence levels in South Africa are at the lowest since the 2009 recession.

According to the latest RMB/BER Business Confidence Index, business confidence levels in South Africa are at the lowest since the 2009 recession. Now more than ever, SMEs have a vital role to play in the South African economy.

via CNBC Africa

ILLUSTRATIVE EXAMPLE

Client borrows R10,000 for 90 days.

Loan Amount
Repayment Period
Monthly Interest
Total Cost of Loan
Initiation Fee
Monthly Fee
APR
R10 000
3 months
R500.00
R2 914.50
R1 207.50
R569.00
60%

Fixed rates range from 36% to 60% APR and payment options range from minimum 3 to maximum 24 months. Apart from the initiation and monthly fees shown below, the only additional fee is credit life insurance if the borrower does not have this already.

APR & Loan Repayment Period

Fixed rates range from 36% to 60% APR and payment options range from minimum 3 to maximum 24 months. Apart from the initiation and monthly fees shown below, the only additional fee is credit life insurance if the borrower does not have this already.

Non-Payment

Non-payments may result in the matters being escalated.

Renewals

All accounts may be renewed if they are up to date.

Collection

All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.

SA business confidence falls to worst level since 2009 recession

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SA business confidence falls to worst level since 2009 recession

Apply Online

Hidden

SA business confidence falls to worst level since 2009 recession

Apply Online

SA business confidence falls to worst level since 2009 recession

Apply Online