• Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

  • Strategy for the big boys

    Formulating strategy across the span of huge companies is a marathon, says Ian Mann.

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:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

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

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...