With South African consumers under tremendous financial pressure, the pawnbroker business has seen quite a rise in individuals coming to lenders for financial assistance. Peter Setou, senior manager of education and strategy at the National Credit Regulator (NCR) reminds pawnbrokers to assess whether they have now surpassed the 100 agreements/R500 000 loan book threshold, and if so, to register with the NCR.
The SAB Foundation in partnership with the Technology Innovation Agency (TIA) has selected the finalists of its annual Social Innovation and Disability Empowerment Awards, where 24 deserving entrepreneurs will be awarded with funding of up to R1.3 million. The winners will be announced at an awards ceremony on 11 October 2022.