High court ruling could unleash flood of new credit applications

Apr 10 2018 12:36

TransUnion says the removal of a key lending criterium by a court last month is likely to lead to a flood of credit applications, as consumers take strain from the tight economic environment.


Debt review a lifeline for borrowers, committee hears

Feb 15 2018 19:45

Debt review is a “lifeline” for borrowers and its shortcomings need to be addressed if it is to work effectively, according to a Treasury official.


Sassa to explain loans which trap grant recipients in 'vicious cycle'

Feb 15 2018 12:29

The portfolio committee on trade and industry intends to ask the SA Social Services Agency to explain how grant recipients receive loans without any affordability tests being conducted.


WATCH: How debt creates economic apartheid

Feb 13 2018 09:28

Summit Financial Partners CEO Clark Gardner talks to Fin24's Moeshfieka Botha about the Draft National Credit Amendment Bill and similarities between reckless lenders and drug dealers.


Getting a grip on 'sexually transmitted debt'

Feb 04 2018 16:42

Whatever the arrangements you have with your partner, when the relationship ends, your financial agreements are impacted too, cautions a debt expert.


Not all greed among financial institutions - MP

Jan 31 2018 22:00

It is not all about greed among financial institutions and it does not mean all are to blame for reckless lending, says ANC MP Joanmariae Fubbs.


Consumer Goods Council calls for proper impact assessment of credit bill

Feb 01 2018 19:32

A proper impact assessment study is needed on the proposed National Credit Amendment Bill, the Consumer Goods Council of SA tells Parliament.


Parts of credit amendment bill unconstitutional - BASA

Jan 31 2018 19:33

The Banking Association of South Africa says it is concerned about the constitutionality of aspects of the proposed National Credit Amendment Bill.


Reckless lending: control the 'dealer', not the 'addict' - expert

Jan 31 2018 12:45

Credit laws must be easier to enforce and simpler to understand, and the new draft bill should state clearly what unsecured credit is, says debt expert Clark Gardner.


BASA issues loan shark warning on draft bill on debt

Jan 30 2018 07:32

The draft bill on debt rescue should be managed responsibly, or people could resort to loansharks, warns the Banking Association of South Africa.


Unsecured lending: SA sitting on another Steinhoff bubble - expert

Jan 26 2018 06:23

Reckless unsecured loans are at the centre of major business failures in SA and it is just a matter of time until the next bubble bursts, claims an expert.

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