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
"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.