Shaun DuncanTCM Group International
Credit Matters VI – The Deep Dive
Global CollectionsSouth Africa
Global Collections : South Africa
Population : 1.12 Billion.
Is the world's 2nd largest and 2nd most populous continent.
Land size = +- 30.2 million km², including adjacent islands.
covers 6% of Earth’s total surface area and 20.4 % of its total land area.
9 provinces – Gauteng economic hub.
Land size = +- 1.22 million km² or 4% of Africa’s land size.
Population : 54.9 mil - Black : 44.2 mil - Coloured : 4.8 mil- White : 4.5 mil - Indian : 1.4 mil
Unemployment : 27.7% - 11 Official languages
Global Collections : South Africa
Type of crime South Africans Global counterparts
Asset misappropriation 77% 69%
Procurement fraud 59% 29%
Bribery & corruption 52% 27%
Human resource fraud 42% 15%
Financial statement fraud 35% 22%
Cybercrime 26% 24%
Money laundering 14% 11%
Tax fraud 11% 6%
Illegal insider trading 9% 5%
CrimeSouth Africa’s rampant, increasing crime rates continue to impact business and civil society in a manner that erodes the nations psyche on a daily basis.
Major ChallengesPolitical interference
– State capture
– Downgrade of South Africa’s debt rating
Corruption- Leaked emails : prominent family to President / Senior Government officials
Economic slow down
- Recession
- High level of unemployment
Local Customs and Collection TipsGenerally we have a culture of payment
– B2B over indebtedness - B2C delayed payment by creditors
Communication
– 11 official languages
Capitalisation of companies– New companies undercapitalised - Company ownership
Any questions?
Shaun Duncan
TCM Group International +27 (0) 87 825 1717
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