Blog post -

RIABU's pledge2play backs debt-ridden SMEs in payments showdown with big firms

For social fintech platform RIABU, the rules of engagement should change.

That is, big firms who are clients of small and medium-sized enterprises (SMEs) should start paying the smaller firms on time, especially as these companies are now in even more dire straits as a result of the circuit breaker measures. Data from Experian revealed that many of them were already in debt even before the circuit breaker measures made it worse, with 61% of SMEs already posed high-credit risks by end-2019.

Read the full story here.

Topics

  • Business enterprise, General

Contacts

Related content

  • South Africa's SMEs want stricter rules to ensure timely payment


    More than 95% of registered businesses in the world are small in size and employ 60% to 70% of the entire working population. But South Africa’s small, micro and medium enterprises (SMMEs) provide jobs to only 28% of the country’s workforce. That is partly because the government and large corporations dominate job creation there.
    South Africa’s government wants to change this. Its National

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