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The default rate for companies with greater than $50 million of EBITDA increased from 1.2% in Q3 to 2.3% in Q4.

Credit agreements defaulted for the first in SA increased from R18.11 billion in Q1 to R19.28 billion in the second quarter of 2022.

First published in the Daily Maverick 168 weekly newspaper. In a world obsessed with status, do you want a bank that takes your money – or takes your money seriously? That’s the premise of a new hard-hitting Nedbank campaign comprising five films and a traffic-stopping display on Wednesday, 5 May along “Africa’s richest square mile”, delivering the message that a carefree attitude towards managing our money determines not only the present, but also the future. The campaign builds on Nedbank’s success in 2019 with “Money Secrets: it’s time to talk about the hardest thing to tal...

Nedbank holds exhibition to highlight danger of overspending By BR Reporter Share IN A bid to highlight the danger of overspending, and rising debt, Nedbank held a live street exhibition in Sandton Drive. In a statement, Nedbank said the objective of the exhibition was to showcase how making good money management choices was an effective way of addressing these issues and securing a better financial future. Nedbank group executive for marketing and corporate affairs Khensani Nobanda said: “While the government is working to get the country back on a positive economic growth path, most South...

To embed, copy and paste the code into your website or blog: Private credit lenders started 2020 both with anticipation and trepidation.  Activity levels were strong and default levels were at historic lows, but private credit lenders worried about the risk of economic headwinds – after all, we were then in the extra innings of the longest economic recovery on record.  At the time, we predicted the next wave of restructurings would be different because, unlike traditional lenders, private credit lenders have many more tools in the restructuring toolbox: strong relationships with sponsors,...