The Board and Management of the Free State Development Corporation (FDC) are growing increasingly concerned about clients who continue to neglect their financial obligations. Mounting bad debt are placing immense pressure on the Corporation’s ability to effectively fulfill its mandate of supporting and developing MSME (Micro, Small, Medium Enterprises) through both financial and non-financial assistance.
The FDC currently serves over 2,315 rental clients and more than 1,221 loan clients, playing a vital role in driving economic growth and facilitating job creation across the Free State. However, a significant number of these clients are in arrears, straining the Corporation’s cash flow and limiting its capacity to extend support to more businesses in need.
