Wind Up Wind Down

Sequestration in South Africa is a legal process that allows individuals who are unable to pay their debts to be declared insolvent. By doing so a large portion of their debt is written off.

Increased competition, unpredictability in supply chains, and shifting consumer expectations all provide challenges for B2B businesses.

South Africa’s economy has not fully recovered to pre-pandemic levels and is only expected to recover to these levels towards the end of next year. Consumers have to deal with higher inflation and a petrol price above R20/litre.

South African consumers are stuck in an unsecured debt trap, while they had no real income increase since 2016.

The concept of surety can be daunting and misunderstood. This often results in serious consequences if a party is ill-informed.