Khula Enterprise Finance has posted an R83,5-million loss for the 2011 financial year, but the directors believe the state-owned development finance institution has enough resources to continue operating “for the foreseeable future”. Revenue fell to R161m from R200m in 2010, an operating loss of R130m compared poorly with a R5,9m operating profit in 2010, while [...]
No bullying of debtors allowed says Consumer Commissioner
1 August 2011 By Leave a Comment
The disturbing correspondence from ITC Business Administrators, acting on behalf of a client owed less than R1000, “shouted” at the recipient in bold, capitalised letters. “We are about to recommend to our client that they APPLY FOR JUDGMENT … this may result in the attachment and SALE OF YOUR ASSETS or a court ordered DEDUCTION [...]
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