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Key considerations in selecting a collections partner for your business

Levels of consumer and business financial distress have significantly deepened since the start of the COVID-19 pandemic 18 months ago. The fallout from job losses, business closures and general decrease in financial liquidity have forced sweeping changes onto how credit risk and debt collection need to be managed. The bottom line is that the number [...]
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New models of credit management and debt collection are critical as COVID trauma lingers

Levels of consumer and business financial distress were profound in 2020 and are now deepening in 2021 as COVID-19 looks set to rule the global landscape for months, if not years to come. Given the enduring and domino-devastation wrought by the pandemic, new approaches to credit risk management and debt collection will be key in [...]
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Low interest rates present perfect opportunity to pay off debts and save on the cost of credit

South Africa’s interest rates are the lowest they have been in 20 years.  For consumers, this means that the cost of debt has become significantly cheaper, and repayments on the likes of bonds, vehicles, personal loans and other credit facilities are likely to be notably lower than they were prior to the rate cuts if […]

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Consumers Encouraged to Proactively Manage Debt Commitments in COVID-19 Fallout

South Africa’s economy is languishing on the brink of one of the deepest recessions since 1992 with joblessness and retrenchments on the rise across all industries and economic sectors.  While South Africa has been struggling with stagnant economic growth for some time, the COVID-19 pandemic and subsequent lockdowns have exacerbated the fallout.  Banks and credit [...]
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South Africa’s ranking as a top destination for Global Business

South Africa’s ranking as a top destination for Global Business Services – or offshoring business processes – is good news for South Africa and it’s very good news for youth employment, an area where some 50% of young South Africans are unemployed. South Africa’s GBS sector provides a crucial lifeline for thousands of people, notably [...]
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South Africa’s Debt Relief Programme has Significant implications for Indebted Consumers and Banks

13 Aug 2020 When South Africa went into a national lockdown on 27 March 2020, no one fully comprehended the deep, complex and devastatingly profound consequences it would hold for individuals, businesses and entire industry sectors. South African banks rapidly responded to the imminent crisis facing their account holders, and as at 7 July 2020 [...]
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Navigating through South Africa’s Debt Relief Programme and the Implications for Indebted Consumers – Shapiro Shaik Defries and Associates

DEBT RELIEF PROGRAMME When South Africa went into a national lockdown on 27 March 2020, no one fully comprehended the deep, complex and devastatingly profound consequences it would hold for individuals, businesses and entire industry sectors. South African banks rapidly responded to the imminent crisis facing their account holders, and as at 7 July, 2020 [...]
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SSDA Directorship Announcement

It gives us great pleasure to announce the appointment of @Gareth Levinsohn and @Albert Theyse to the Board of Directors of SSDA Pty (Ltd). Both Gareth and Albert have proven to be invaluable assets to SSDA and the AlefBet Group as a whole and we are proud to be going from strength to strength with [...]
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SSDA becomes a member of the Receivables Management Association International

By Catherine LaCroix South African leading debt collection agency, Shapiro Shaik Defries & Associates (SSDA) recently acquired membership with the Receivables Management Association International (RMAI). SSDA began its debt collection services with just four collectors in 2004, and now boasts over 800 collectors at the time of this writing. “Shapiro Shaik Defries and Associates have [...]
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SSDA becomes a member of the Association of Credit and Collection Professionals

SSDA Meet ACA By Catherine LaCroix A leading South African debt collection agency, Shapiro Shaik Defries & Associates (SSDA) recently acquired membership with the Association of Credit and Collection Professionals (ACA). Daniel Shapiro, Group MD for SSDA, says about the recent membership, “With our extensive collection work in South Africa we are firm believers that [...]
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