Comments for e-spaces http://espaces.wordpress.com Just another WordPress.com weblog Fri, 16 May 2008 04:24:39 +0000 http://wordpress.org/?v=MU Comment on Design meets online by Eric http://espaces.wordpress.com/2008/05/13/design-meets-online/#comment-1763 Eric Tue, 13 May 2008 08:23:35 +0000 http://espaces.wordpress.com/?p=525#comment-1763 Tx for mentioning springleap. If you have any more questions, comments, or feedback on springleap, let us know? cheers Eric The springleap.com Q&A Team Tx for mentioning springleap.

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Eric

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]]> Comment on Abil stops upfront accounting at Ellerine by loan » Blog Archive » Abil stops upfront accounting at Ellerine http://espaces.wordpress.com/2008/05/09/abil-stops-upfront-accounting-at-ellerine/#comment-1750 loan » Blog Archive » Abil stops upfront accounting at Ellerine Fri, 09 May 2008 09:26:26 +0000 http://espaces.wordpress.com/?p=522#comment-1750 [...] e wrote an interesting post today onHere’s a quick excerptUpfronting involves substantially accounting for insurance revenue on consumer loans when they are written as opposed to over the course of the loan when insurance premiums are received. Abil chief executive Leon Kirkinis said the bank … [...] [...] e wrote an interesting post today onHere’s a quick excerptUpfronting involves substantially accounting for insurance revenue on consumer loans when they are written as opposed to over the course of the loan when insurance premiums are received. Abil chief executive Leon Kirkinis said the bank … [...]

]]> Comment on Fitch flags rise in Woolies bad debt by Interest Rates » Fitch flags rise in Woolies bad debt http://espaces.wordpress.com/2008/04/21/fitch-flags-rise-in-woolies-bad-debt/#comment-1728 Interest Rates » Fitch flags rise in Woolies bad debt Mon, 21 Apr 2008 07:10:29 +0000 http://espaces.wordpress.com/?p=514#comment-1728 [...] Read the rest of this great post here [...] [...] Read the rest of this great post here [...]

]]> Comment on Fitch flags rise in Woolies bad debt by Fitch flags rise in Woolies bad debt http://espaces.wordpress.com/2008/04/21/fitch-flags-rise-in-woolies-bad-debt/#comment-1727 Fitch flags rise in Woolies bad debt Mon, 21 Apr 2008 07:05:48 +0000 http://espaces.wordpress.com/?p=514#comment-1727 [...] Fitch flags rise in Woolies bad debt Fitch was ”concerned” customer bad debts at Woolworths had deteriorated further in the three months to February, the ratings agency said yesterday, but nevertheless it affirmed the retailer’s credit rating. April 18, 2008 … [...] [...] Fitch flags rise in Woolies bad debt Fitch was ”concerned” customer bad debts at Woolworths had deteriorated further in the three months to February, the ratings agency said yesterday, but nevertheless it affirmed the retailer’s credit rating. April 18, 2008 … [...]

]]> Comment on Absa buys into Woolies unit by Lans http://espaces.wordpress.com/2008/04/18/absa-buys-into-woolies-unit/#comment-1726 Lans Mon, 21 Apr 2008 06:09:52 +0000 http://espaces.wordpress.com/?p=511#comment-1726 Absa, Woolworths announce joint venture South Africa's third-biggest bank, Absa, and food and clothing retailer Woolworths are to enter into a joint venture, the companies said in separate statements on Wednesday. The venture "will provide Absa with access to customers in the retailer finance market at point-of-sale", enabling Absa to increase its share of the consumer finance market in South Africa, Absa's statement said. The Absa Group has entered into an agreement with Woolworths to acquire 50% plus one share of the share capital of Woolworths Financial Services, the financial services business of Woolworths. The purchase price payable by Absa for 50% plus one share of the issued share capital of Woolworths Financial services is R875-million, payable in cash at completion. "Woolworths is a highly attractive retailer for Absa to partner with in South Africa in view of its premier brand, distribution network (more than 200 corporate stores) and loyal customer base (4,5-million customers)," Absa said. "The combination of Absa and Woolworths' know-how and resources will enable Woolworths Financial Services to become a market-leading consumer finance operation with one of the most comprehensive financial services offerings in a South African retail store network." Woolworths said that the proposed transaction is expected to deliver "significant financial and operational benefits to Woolworths Financial Services through access to Absa's funding, leading credit risk and customer value-management capabilities, and expertise in enhancing existing and launching new consumer finance products including a premium Barclaycard offering". -- Sapa Absa, Woolworths announce joint venture

South Africa’s third-biggest bank, Absa, and food and clothing retailer Woolworths are to enter into a joint venture, the companies said in separate statements on Wednesday.

The venture “will provide Absa with access to customers in the retailer finance market at point-of-sale”, enabling Absa to increase its share of the consumer finance market in South Africa, Absa’s statement said.

The Absa Group has entered into an agreement with Woolworths to acquire 50% plus one share of the share capital of Woolworths Financial Services, the financial services business of Woolworths.

The purchase price payable by Absa for 50% plus one share of the issued share capital of Woolworths Financial services is R875-million, payable in cash at completion.

“Woolworths is a highly attractive retailer for Absa to partner with in South Africa in view of its premier brand, distribution network (more than 200 corporate stores) and loyal customer base (4,5-million customers),” Absa said.

“The combination of Absa and Woolworths’ know-how and resources will enable Woolworths Financial Services to become a market-leading consumer finance operation with one of the most comprehensive financial services offerings in a South African retail store network.”

Woolworths said that the proposed transaction is expected to deliver “significant financial and operational benefits to Woolworths Financial Services through access to Absa’s funding, leading credit risk and customer value-management capabilities, and expertise in enhancing existing and launching new consumer finance products including a premium Barclaycard offering”. — Sapa

]]> Comment on Absa buys into Woolies unit by Christopher Williams http://espaces.wordpress.com/2008/04/18/absa-buys-into-woolies-unit/#comment-1725 Christopher Williams Sun, 20 Apr 2008 20:47:18 +0000 http://espaces.wordpress.com/?p=511#comment-1725 this is very good and intresting read keep up the good work. this is very good and intresting read keep up the good work.

]]> Comment on Woolly credit due for trim by Investments on The Finance World For News and Information Around The World On Finance » Blog Archive » Woolly credit due for trim http://espaces.wordpress.com/2008/04/18/woolly-credit-due-for-trim/#comment-1723 Investments on The Finance World For News and Information Around The World On Finance » Blog Archive » Woolly credit due for trim Sat, 19 Apr 2008 08:34:10 +0000 http://espaces.wordpress.com/?p=510#comment-1723 [...] Woolly credit due for trim African Bank Investments Limited (Abil) was the first mover, taking out Ellerine last year. But Woolworths may well have stolen a march on Truworths. Watch this space to see who might follow. This is Absa’s first serious financial … [...] [...] Woolly credit due for trim African Bank Investments Limited (Abil) was the first mover, taking out Ellerine last year. But Woolworths may well have stolen a march on Truworths. Watch this space to see who might follow. This is Absa’s first serious financial … [...]

]]> Comment on Absa buys into Woolies unit by Credit Card Deals On Credit Speak » Blog Archive » Absa buys into Woolies unit http://espaces.wordpress.com/2008/04/18/absa-buys-into-woolies-unit/#comment-1716 Credit Card Deals On Credit Speak » Blog Archive » Absa buys into Woolies unit Fri, 18 Apr 2008 11:27:51 +0000 http://espaces.wordpress.com/?p=511#comment-1716 [...] Absa buys into Woolies unit RCS provides loans that can be used to purchase at Foschini as well as other retailers; Edcon Holdings has a credit card joint venture with Standard Bank. Like any credit card, it can be used at a wide range of retailers … [...] [...] Absa buys into Woolies unit RCS provides loans that can be used to purchase at Foschini as well as other retailers; Edcon Holdings has a credit card joint venture with Standard Bank. Like any credit card, it can be used at a wide range of retailers … [...]

]]> Comment on Absa buys into Woolies unit by Absa buys into Woolies unit http://espaces.wordpress.com/2008/04/18/absa-buys-into-woolies-unit/#comment-1715 Absa buys into Woolies unit Fri, 18 Apr 2008 10:50:34 +0000 http://espaces.wordpress.com/?p=511#comment-1715 [...] Absa buys into Woolies unit But Woolworths’ director of financial services and operations Richard Inskip said the firm had never offered easy credit to boost retail sales. The sale will also see Woolworths transferring its gearing, or debt, strategy from its … [...] [...] Absa buys into Woolies unit But Woolworths’ director of financial services and operations Richard Inskip said the firm had never offered easy credit to boost retail sales. The sale will also see Woolworths transferring its gearing, or debt, strategy from its … [...]

]]> Comment on Absa buys into Woolies unit by Absa buys into Woolies unit http://espaces.wordpress.com/2008/04/18/absa-buys-into-woolies-unit/#comment-1714 Absa buys into Woolies unit Fri, 18 Apr 2008 10:30:54 +0000 http://espaces.wordpress.com/?p=511#comment-1714 [...] Read the rest of this great post here [...] [...] Read the rest of this great post here [...]

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