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The Experian Business Debt Index (BDI) declined sharply to 0.996 in the fourth quarter of last year, following a reading of 1.591 in the third quarter, reflecting intense and more frequent loadshedding in the period and backlogs at South Africa’s ports.
The BDI reflects the relative ability for businesses to pay their outstanding suppliers or creditors, which indicates the overall health of businesses in the economy.
Making headlines: Ramaphosa wants media to influence more citizens to register to vote, BLSA reiterates commitment to tackle electricity crisis and organised crime and, loadshedding starts to weigh on private sector debt servicing ability
Load shedding is draining local businesses it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.
Get savvy with your money by learning how to build your credit profile iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.