Credit

Despite Challenging Economic Conditions, Serious Consumer Credit Delinquency Rates in South Africa Generally Declining

SMEs in China: Monetary easing won’t be sufficient to reduce credit pressure

When considering risk in the Chinese economy, a lot of the discussion has focused on large State-Owned Enterprises (SOEs) or large private conglomerates. However, headwinds impacting Small and Medium Enterprises (SMEs) should not be neglected.

Good debt vs bad debt – is there a difference?

Living debt free is a dream many of us strive for, but the reality is that very few of us earn enough money to buy life’s important assets such as a home, car or university education with cash savings. Secondly, even if you could live debt-free, it might not be the savviest financial choice to dig into your life savings and leave yourself without any financial backstop in an emergency, or cash to invest for your retirement.

40% of credit is being provided recklessly in South Africa

Around 40% of the credit provided by the country's top ten credit providers appears to be reckless according to the recently released Reckless Lending Indicator, developed by debt counselling firm DebtSafe.