Growth Amidst Uncertainty
A lot is changing in today’s global economy. Economic growth in South Africa appears to be slowing; likewise, there are signs of weakness in regions across the globe. With the outbreak of Covid-19, the effects of the global pandemic will definitely result in challenging times ahead. In addition, with the ongoing tariff wars, Brexit and military conflicts, there is uncertainty domestically and across the globe. Making business decisions in this environment can be daunting.
Even in this unpredictable business climate, most leaders are still not satisfied with the status quo — they want their businesses to thrive and succeed. In addiction, these companies can. With the right tools in place, companies can prevent and manage risk, monitor the health of their customers and protect themselves in the event of an unforeseen loss. With the right preparation, organizations can grow with confidence.
One of the risk management tools that continues to gain in popularity in the South African Market is trade credit insurance. This white paper will explain what trade credit insurance is and how it works, offer tips on how to put strong credit management procedures in place, and provide examples of how adding credit insurance to your risk management toolkit can help you to grow your business confidently.