The Board and Management of the Free State Development Corporation (FDC) are growing increasingly impatient with clients who fail to meet their financial obligations. Mounting bad debt is placing immense pressure on the Corporation’s ability to effectively fulfill its mandate of supporting and developing Small, Medium, and Micro Enterprises (SMMEs) through financial and non-financial assistance.
The FDC serves over 2,315 rental clients and more than 1,221 loan clients, playing a vital role in driving economic growth. However, a considerable portion of these clients are in arrears, putting strain on the Corporation’s cash flow and limiting its capacity to support more businesses
