Stanbics boost for liquidity-strapped businesses
Sunday, May 10, 2015
These are working capital solutions where one borrows money from the bank against future payments due on specific invoices.
Head of trade and public sector at Stanbic, Desma Elvis-Ncaagae said invoice discounting and purchase order finance are designed to unlock liquidity tied in one’s business accounts receivables.
Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...