How does the in duplum rule limit interest?

In terms of this rule the interest accruing on an outstanding debt may never exceed the capital amount. Interest therefore stops running as soon as it is equal to the capital. For example Mr X borrows R5 000 from ABC-Bank. The interest will immediately stop running as soon as it amounts to R5 000. Should […]

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How can I improve my credit control?

The rule that prevention is better than cure certainly also applies to debt collection and credit control. Effective credit control starts the moment that your client walks into your shop, office or practice. You should ensure that you obtain the following information from the debtor: 1. Full names; 2. Identity number; 3. Marrital status; 4. […]

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