New credit rules bite into Lewis' revenue

2017-11-13 17:14

Furniture store Lewis’ revenue was down 3.2% mainly due to lower credit sales and changes to its insurance offering following an intervention of its credit assessment.

Volkswagen Financial Services SA to challenge NCR

2017-10-26 13:19

The National Credit Regulator has issued a Compliance Notice to Volkswagen Financial Services SA for charging consumers certain fees on credit agreements.

NCR red flag on Volkswagen Financial Services SA consumer credit fees

2017-10-24 15:16

The National Credit Regulator has issued a Compliance Notice to Volkswagen Financial Services SA for charging consumers certain fees on credit agreements.

SA banks: Slow but steady progress

2017-09-08 14:03

Despite various setbacks, the country’s banks have proven resilient. So what is the investment case for SA’s big four?

Credit card myths debunked

2017-09-05 21:35

Few consumers really know all there is to be known about how a credit card works and how it can be used effectively, says the head of collections at FNB.

Slowdown in credit extension - NCR

2017-08-11 07:00

There has been a seasonal slowdown in credit extension, according to the latest Consumer Credit Market Report and Credit Bureau Monitor.

DTI proposes debt relief for retrenched workers, low income groups

2017-05-17 17:09

The Department of Trade and Industry recommends changes to the National Credit Act that will allow for occasional debt relief measures to over-indebted households.

#Zumaconsequences for SA motorists

2017-04-10 10:50

'While the dust has far from settled from President Jacob Zuma’s cabinet reshuffle, the following credit downgrade means the costs to you the motorist can be clearly laid out,' writes Alexander Parker.

Low growth dampens SA banks' outlook - S&P

2017-02-12 14:41

Low growth and debt-defaulting households contribute to the negative outlook for South African banks, said ratings agency Standard and Poor's.

Consumers wary of taking on more credit

2017-02-01 19:31

Growth in household credit balances, including mortgage balances, is forecast to remain relatively low in 2017, according to an analyst.


Lending to households and corporates slowed in September - data

2017-10-31 08:46

Private sector credit extension slowed to 5.6% in September, compared to 6% reported in August.

FlySafair partners with consumer credit provider

2017-10-24 17:40

Low-cost airline FlySafair has partnered with consumer credit solutions provider, the RCS Group, to enable more South Africans take to the skies.

SA’s secured loans will see only limited weakness – Moody’s

2017-09-08 20:09

Despite SA’s subdued economic growth, high unemployment and overall weak consumer credit, the performance of secured loans is likely to hold up over the next 12 months, says Moody's.

Shoprite guilty of reckless lending, fined R1m

2017-09-06 11:00

The National Consumer Tribunal has fined Shoprite R1m, after a probe showed the retailer did not conduct adequate checks to find out if its lenders could service its loans.

SA consumers' credit health improves despite uncertainties - index

2017-08-24 14:35

The credit health of South African consumers continues to improve despite major political uncertainty in SA, according to a TransUnion index.

UK banks told to justify consumer credit as risks mount

2017-07-04 12:15

The Bank of England has told UK banks to prove that their policies on consumer lending won’t leave them weaker in a downturn.

Paid most debts, yet rejected for car finance - why?

2017-05-09 18:30

A Fin24 user has been paying off his debts, but was still rejected when he applied for a car loan, due to his bad credit record.

More consumers pawn cars to get loans

2017-03-12 12:25

The National Credit Regulator is concerned about the rising number of consumers who pawn their motor vehicles in order to obtain loans.

Is the age of the access bond over?

2017-02-02 17:42

Investors and small business owners could get a nasty surprise when trying to access capital through their home loans, says an independent lender. Banks do not necessarily agree.

SA suffers business credit risk downgrade

2017-01-31 20:19

The international trade credit insurance company Coface explains why it has changed its business credit risk assessment of SA from fairly high to high.

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