Sasfin warns things could get worse for struggling businesses
The group is going to be cautious about extending credit, with the coronavirus expected to add additional strain for businesses already battling
19 March 2020 - 12:05
Financial services provider Sasfin Holdings expects the first half of the year to be particularly tough on SA’s small businesses, as the coronavirus hits in an environment that has already seen a sharp rise in insolvencies over the past year.
Sasfin said it is adopting a cautious approach to issuing credit and will work closely with clients who have fallen on tough times, as it waits to see how the government responds to an environment in which some businesses are struggling with limited to no cash flow...
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