China Dec bank lending below forecasts

2015-01-15 11:15

Chinese banks have extended $112.55bn in new loans in December, well below market expectations, despite instructions to lend more in the last months of 2014.

UK caps interest on payday loans

2014-11-11 16:15

Interest charged on loans offered by payday lenders will be capped, to cut the cost of short-term loans, criticised for causing misery among borrowers.

Access bond best way to save

2014-10-01 10:51

A smart way to invest surplus money is to deposit it into your home loan as you are saving at the bond rate without paying tax on the interest saved.

Microlenders want to hike rates

2014-09-01 20:22

The government should not make it more difficult to collect debt, and the credit industry should get higher maximum interest rates and fees, a report says.

Wonga to pay £2.6m for fake legal letters

2014-06-25 12:39

Britain's biggest payday lender Wonga will pay £2.6m in compensation to 45 000 clients after sending them threatening letters from non-existent law firms.

Debt appetite grows

2014-04-23 11:41

Debt hunger has become stronger even as many people face insolvency, says an expert.

Bank targets Capitec customers

2013-12-02 16:57

Barclays Africa Group, previously called Absa, plans to spend R1.2bn to win back "hundreds of thousands of customers" lost to Capitec Bank.


Defaulting on a home loan

2013-10-28 09:12

Nedbank risk analyst for secured lending, Amos Kahn, looks at the options a Nedbank home owner has when faced with mounting debt.

0 comments621 Views

Empowerment fund writes off millions in loans

2013-09-27 09:01

The National Empowerment Fund has written off R290m worth of non-performing loans last year, over double more than the previous year,a report shows.

Wonga profit up as demand for loans surges

2013-09-03 15:07

Short-term loan provider Wonga has reported a 36% rise in 2012 profit, benefiting from a surge in applications by cash-strapped Britons.

Consumers turn to family for money

2013-08-15 12:05

As petrol hikes and food prices bite, consumers are increasingly turning to family members and friends for financial assistance.

China central bank mobbed for free loans

2013-07-11 17:43

About 1 000 hopeful borrowers overran a branch of China's central bank on a rumour spread that it was handing out interest-free loans, the media reports.

King curator in dark over Player loan

2013-06-26 14:19

Tax rebel Dave King will have to face the consequences of not having disclosed a loan claim of R33m against Gary Player to the curator of his insolvent estate.

Dave King demands R33m from Gary Player

2013-06-25 13:28

Tax maverick Dave King has filed a claim of R33m against South African golf legend Gary Player and has obtained an interim interdict relating to the matter.

Customers don't say no to credit - Abil

2013-05-30 06:36

African Bank says it is virtually impossible for the company to take any action if clients who have loans with them accept further credit from other lenders.

What to ask before taking a loan

2013-05-14 12:07

Taking out a loan to fund debt may be the slippery slope to debt hell, so ask yourself these vital questions.

Ultra-cheap eurozone loans hit a snag

2013-02-22 18:30

Eurozone banks do not seem ready to repay as much as expected of the cheap three-year loans made available to them by the European Central Bank, data shows.

Eurozone tensions fade

2013-01-25 15:57

New evidence suggests the eurozone might be emerging from its crisis with a ECB announcement that banks were starting to repay some emergency loans in advance.

African Bank puts brakes on loans

2012-11-19 15:16

African Bank Investments is slowing down its lending after years of rapid growth, the first sign that SA banks may be turning more cautious about loans.

Consumers lie to get loans

2012-10-24 16:37

Consumers are not honest about their expenses and will therefore obtain loans they cannot afford to pay off, says a credit expert.

DBSA chief steps down

2012-03-12 16:45

Development Bank of Southern Africa CEO Paul Baloyi will leave the institution at the end of March.

China to lend more to African firms

2011-10-27 16:24

State-run China Development Bank will provide another $1bn in loans to African SMEs.

Standard on track to lend R50bn this year

2011-06-20 12:24

Standard Bank says it plans to improve on the R50bn in loans it approved last year.


Mounting bad loans hamper Zim banks

2014-12-29 11:17

Credit risk continues to be the biggest drawback for Zimbabwean banks as non performing loans reached 20.45% for the nine months to September.

UK watchdog to cap interest on payday loans

2014-11-11 12:05

From January the interest charged on loans by payday lenders in Britain will be capped at 0.8% a day to cut the cost of short-term loans.

Beware of 'sharks in suits' - minister

2014-09-11 13:03

Sharks in suits are preying on social grant beneficiaries and looting their bank accounts, warns Social Development Minister Bathabile Dlamini.

Stated income loans make comeback

2014-08-14 12:30

Mortgage applicants who can't provide tax returns or pay stubs to show their income are getting stated income loans again.

Pitfalls of personal loans explained

2014-05-18 14:19

Many consumers do not take out personal loans to live beyond their means, but they are using credit to pay for basic living costs, says an expert.

Appetite for debt growing stronger – expert

2014-04-22 14:03

Despite many consumers teetering on the edge of insolvency, South Africans' debt hunger has grown even stronger, says an expert.

Thousands of students overcharged on loans

2013-11-04 17:08

Less than a third of the students owed money by the National Student Financial Aid Scheme have so far been refunded, says Higher Education Minister Blade Nzimande.


Can you afford a home loan?

2013-10-28 09:12

Steven Barker, who is head of home loans at Standard Bank, discusses the factors determining affordability on a home loan.

0 comments1004 Views

King, Player settle R33m loan dispute

2013-09-05 16:01

Tax rebel Dave King and golf icon Gary Player have settled their legal dispute, but all is not over and done yet.

Spanish banks report record bad loans

2013-08-19 14:26

The level of bad loans weighing on Spain's banks have hit a new record in June, official figures shows, a sign of persistent weakness in the bailed-out sector.

Land Bank loan book swells to R26bn

2013-08-12 18:57

The Land Bank has grown its performing loan book by 26.2% to R26.5bn, says CEO Phakamani Hadebe.

Player saga: Taxman on Dave King’s trail

2013-06-27 11:37

The plot thickens as tax rebel Dave King’s interim interdict against golf icon Gary Player is postponed in the Grahamstown High Court.

Player denies loan claim

2013-06-26 09:13

Golf legend Gary Player intends to oppose a claim that he owes controversial businessman Dave King R33m, a report states.

The burden of debt

2013-05-31 11:47

The results of Fin24's debt survey, which was completed by nearly 30 000 people, show that over a third of respondents never have money left over at month-end.

Concern over Capitec amid debt spiral

2013-05-26 15:30

Capitec's move to grant large unsecured loans over longer periods amid consumers' spiralling financial woes does not bode well, a report states.

How to have healthy family loans

2013-05-14 10:30

Family loans can go horribly wrong; here's how to keep family relations harmonious.

Act now to avoid school fee shock

2013-01-28 12:49

With 12 years of schooling costing R450 000 and fees for a three-year varsity course a whopping R350 000, you need to start saving fast if you're a parent.


Will South African lend Zimbabwe R850 million to help its struggling economy? A decision will be made this week. Watch.

6 comments708 Views

Banks to review clients' indebtedness

2012-11-04 09:57

Next year banks will have to review their clients' loans to determine if they are affordable, which could affect consumers' ability to obtain credit.

Sarb not alarmed by unsecured lending

2012-05-30 08:17

The Reserve Bank is not unduly alarmed at the rise in unsecured lending but is monitoring the development closely, Deputy Governor Daniel Mminele says.

FNB sees strong growth in unsecured loans

2012-01-17 16:57

First National Bank says it aims to extend at least 20% more personal loans and to grow its share of the unsecured loans market.

New body to police African loan standards

2011-09-27 16:15

Top SA banks and law firm Norton Rose are behind the launch of the African Loan Market Association, which will recommended standards for loan documents.

Solethu grabbing the wheel?

2010-06-17 00:00

A YEAR AGO, rail and electrical engineering specialist Racec loaned R10m to its empowerment partners Solethu Civils to fund part of a R45m black empowerment investment. A year later Solethu – an infrastructure specialist in its own right – is advancing R10m to Racec ahead of a R10m rights issue to allow the (hopefully temporarily) cash-strapped company to latch on to new contracts worth R140m.

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