Nutun South Africa focuses exclusively on collections and recovery services for clients in South Africa, both as a principal through the acquisition of unsecured non-performing loan (NPL) portfolios and as an agent on behalf of clients in the financial services, specialist lending and retail sectors.
Nutun, the JSE-listed South African provider of business processing solutions, reduced its headline loss from total operations to a R63 million loss in the six months to March 31, from a R135m loss at the same time a year before, aided by enhanced collection methods
.“Operational performance was strong, particularly for Nutun South Africa. Earnings were, however, adversely affected by Rand strength and accelerated amortisation driven by forward-looking macro-economic assumptions, including an elevated interest rate forecast relative to our expectations,” exechtive chairman Jonathan Jawno and CFO Rob Huddy said on Monday.
Nutun South Africa and Nutun International operate in the South African collections and recovery market and the South African business process outsourcing (BPO) offshoring sector.
Nutun International specialises in BPO customer engagement services, including customer acquisition and retention, customer experience, and collections and recovery services for clients in the UK, US, and Australia.
