Businesses stay resilient in tough economic climate
JOHANNESBURG - South African businesses have remained resilient despite various economic headwinds according to the latest Experian Business Debt Index.
The BDI measures business conditions in South Africa and their ability to pay their creditors on time.
It increased marginally in the fourth quarter compared to the previous quarter.
The index shows that a big contributor to improving business health is that interest rates remained unchanged for most of last year, resulting in debt servicing costs not plummeting profits.
Jaco van Jaarsveldt, Experian’s Head of Commercial Strategy & Innovation discussed this with eNCA.