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SA businesses struggle to pay their debts

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Cape Town - Businesses are experiencing high levels of debt stress as the economy keeps sailing close to recessionary conditions, according to the Experian Business Debt Index (BDI).

The BDI for the first quarter of 2016 showed business debt health improved slightly. However, it is still close to the zero level, which distinguishes between improvement and deterioration in business debt conditions.

The average number of outstanding debtors' days in the first quarter of 2016 rose again – from 50.4 in the final quarter of last year to 52.4 days, pushing them to the highest number since Q3 2010.  

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