INSIGHT: Time bomb- unsecured lending and employment


The results of the Levy Africa Network micro-lending and employment survey were released on Thursday, 26 February 2015. Founder, Sarah Levy explains the pressures on the over-indebted workforce caused by unsecured micro-lending.

NEWS: New regulations to curb reckless lending


South Africa has seen a worrying increase in levels of over-indebtedness. It has been announced that due to this problem, regulations to standardise affordability assessments conducted by credit providers, will be published by the Department of Trade and Industry.

NEWS: Credit Amendment Act passed

South Africa

The National Credit Amendment Act has been signed into law and promises to protect consumers against irresponsible or reckless lending practices. The Minister of Trade and Industry, Dr Rob Davies explains what the Act will do for South Africa.

NEWS: Credit Amendment Bill approved


It was announced today that the National Council of Provinces (NCOP), passed the National Credit Amendment Bill. This bill seeks to provide uniformity in the application of affordability assessment regulation. We take a look.

NEWS: Capitec set to face consumer watchdog


Capitec Bank announced in a Sens report on Wednesday, 5 March, that the National Consumer Tribunal is set to hear the case of an alleged breach of credit laws against the bank.

ENTREPRENEURSHIP IDEA: Market opportunities in lower-income brackets


According to Illana Melzer from analytics consultancy, Eighty20, financial services industries should have a look at consumer spending data when evaluating their target markets. These marketers usually only revaluate their methods of communication with consumers, and Melzer explains why they should actually think broader.

Santa probably has a better credit score than you

Credit bureau, Compuscan, reveals that South Africans over the age of 60 fare best at managing their credit repayments over the festive season. On the whole though, South African credit consumers are unlikely to make it onto Santa’s good list when it comes to their credit behaviour.