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THE FINANCING DECISION
Introduction
• The present financial crisis have not only restricted the
access to finance for many business entities, but placed
renewed focus on the risk of using excessive debt finance.
• For the new, smaller business it is often a case of using
whatever form of finance is available, at whatever cost.
• In contrast, a larger business – with a track record – can
often apply more of the knowledge and skills highlighted in
this learning unit, to secure the right form of finance, at the
right time, and at the right cost.
• Under certain circumstances, foreign finance will provide
the right match to such a business enterprise.
• In this learning unit we explore the specialist field of foreign
finance, as it applies to the South African business entity.
• Now study the following subsections in Managerial Finance
(8th edition) and attempt the activities included therein (if
any):
• Chapter 7 7.16 Foreign Finance
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