How to approach choosing between debt and investing
Many households use almost 75% of their monthly income to pay off debt. So, how to choose between settling debt first or saving and investing?
Many households use almost 75% of their monthly income to pay off debt. So, how to choose between settling debt first or saving and investing?
The National Credit Regulator has referred Foschini to the National Consumer Tribunal for being in breach of the National Credit Act.
Capitec Bank, South Africa’s biggest provider of unsecured loans, said it has lodged its opposition to reckless-lending charges filed by Summit Financial Partners and will submit responding court documents early next month.
Shares in South Africa’s Lewis Group fell more than 5 percent as the country’s credit regulator asked the National Consumer Tribunal to impose a fine on the furniture retailer for mis-selling credit insurance.
JOHANNESBURG (Reuters) – South Africa’s credit regulator said on Thursday it had ordered the local unit of British payday lender Wonga to improve its compliance, after finding the company did not verify the income of its customers. The National Credit Regulator said it ordered Wonga to submit an audit report and remove adverse credit bureau listings from some of its … Read more
Dave Woollam is a man on a mission. The former CFO of African Bank is determined to bring honesty and integrity into the microlending industry, a sector where massive malpractice exists. One of the examples he quotes in this interview is where a person who borrowed R20 000 from a microlender ended up paying premiums … Read more