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

ceo@tcmgroup.com

Thank youSource data supplied by