• Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Sarb not alarmed by unsecured lending

May 30 2012 08:17
Reuters

Pretoria - The Reserve Bank is not unduly alarmed at the rise in unsecured lending but is monitoring the development closely, Deputy Governor Daniel Mminele said on Tuesday.

Growth of unsecured loans - which don't require collateral and are riskier and more lucrative for banks - has surged over the last year in Africa's top economy, as lenders push to offset weak corporate demand for credit.

"This is a development we are monitoring carefully but it is not something that at this stage raises concerns in terms of the actual proportion of unsecured lending compared to the overall loan books of banks," Mminele said at a forum at the Bank.

 
sarb  |  daniel mminele  |  loans  |  consumers

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote

Loading...