Debt relief a double-edged sword for South Africans living on loans

Millions of South Africans rely on credit to feed their families.

for necessities like food, according to financial inclusion organisation FinMark Trust.

It will allow all or part of their debt to be suspended for up to 24 months and wiped entirely in some circumstances, for instance if they lose their job., a smaller lender that targets low-income consumers, said it already had and would further reduce its lending to qualifying borrowers in response to the NCA.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

eNCA /  🏆 49. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Debt relief a double-edged sword for South Africans living on loansDebt relief a double-edged sword for South Africans living on loans eNCA
Read more »

Slice of life: ‘South Africans beat us, burn us’SLICE OF LIFE: South Africans are not scared to tell us that even the president doesn’t want us here; that we should go back to where we belong.
Read more »

Springboks thank South Africans for their support - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Springboks have sent a special message home thanking their fellow South Africans for their unwavering support during the Rugby World Cup tournament.
Read more »

ADEKEYE ADEBAJO: Transitional government in South Sudan a priority in UN and AU talksSA chairs Security Council, focusing on strengthening the UN’s relations with African regional organisations, conflict prevention, and organising an open debate on the Middle East
Read more »

South Sudan faces crisis as country struggles to form new coalition government | IOL NewsWar-torn South Sudan is 'barreling toward a crisis' and could slide back into fighting, warned the International Crisis Group on Monday.
Read more »

Springboks' success timely boost for South African sportVictory at the Rugby World Cup came as a huge relief to South African sport followers after a string of woeful performances by the national cricket and football teams.
Read more »