In the current economic environment, businesses are keen to reduce debt by paying down their commercial loans. “While this is a facility that banks offer
South African consumers’ debt exposure to net income continued to deteriorate over the lockdown, with higher-income earners in particular under significant debt pressure. This is
The International Monetary Fund (IMF) has approved a R70 billion (US$4.3 billion) loan for South Africa to help the country manage the immediate consequences of
The National Credit Regulator (NCR) has warned against phoney credit providers, reiterating that only businesses registered with the NCR can provide loans to the public.
In this locked down economy due to the spread of Covid-19, loan customers who are under financial strain are eligible for some financial relief, provided
The Covid-19 lockdown has placed unprecedented pressure on the economy. It is anticipated that many people have, or will, suffer partial or complete loss of