Development of Cost of Debt and Risk Formula for a Period of Financial Turbulence Focus: The Cost of Global Financial Crisis

Financial institutions specifically banks and small businesses have encountered difficulty in sustaining their ability to remain stable during the financial crisis. During this period most scholars addressed cause risk of turbulence but very few studies identified cost debt turbulence. The objective study is enhance Mahalanobis model include measurements when measuring which essentially has an impact on stock market. data collected respect South African Reserve Bank (SARB) Statistics Africa (SAS) identifies correlation as well analyses interprets relationship between total liquidation companies assets banks. Although different countries had industries contributing crisis, not industry based.