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Chinese nationals fined R10k for running mashonisa businesses in SA

Police executed search and seizure warrants at two business premises suspected of operating as loan sharks in Setlagole.

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The state of buy-now-pay-later in South Africa

A look at the state of buy-now-pay-later (BNPL) in South Africa.

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Could lenders help to boost South African financial literacy?

Could lenders help to boost South African financial literacy?
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Responsible lenders need to lead the charge towards financial literacy

Responsible lenders need to lead the charge towards financial literacy By Opinion By: Brett van Aswegen South Africa has a well-developed formal financial sector, however, according to the World Bank, has a population that ranks high in terms of indebtedness. In addition to these high levels of borrowing, South Africans also stand out in terms of poor repayments and many are trapped in a debt spiral. This suggests that in our country, financial literacy skills are important yet underdeveloped. In my opinion, it is the responsibility of lenders to identify entry points to improve financial literacy as a stepping-stone towards financial soundness.

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Responsible lenders need to lead the charge towards financial literacy

Responsible lenders need to lead the charge towards financial literacy
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