The relief sought by the NMF was misconceived and the court's approach therefore correct, writes Serjeant at the Bar.
High level clouds. Mild.
Borrowers with more than one debt outstanding were given some protection last week when the Supreme Court of Appeal ruled that the interest rate on short-term loans after the first loan cannot exceed 3% a month.
Some 40% of the credit provided by the country's top 10 credit providers appears to be reckless, a new survey has found.
Capitec says it is committed to transparency as it prepares a direct response to the latest jab from short-seller Viceroy.
Despite some setbacks, micro-lender Finbond has grown impressively in the 15 years since its founding. CEO Willem van Aardt talks about its journey and about its recent expansion into the US market.
Private sector credit extension slowed to 5.6% in September, compared to 6% reported in August.
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.
The 2016 earnings from Corporate and Investment Banking exceeded Retail Business Banking for the first time since the global financial crisis.
Ever lent someone money only to have trouble tracking them down when you tried getting it back? Know your borrowers…
Capitec CEO Gerrie Fourie reveals how the old African Bank affected Capitec, and why he believes the bank was wrong not to challenge the only court loss the bank has had.
According to a recently released report issued by the World Bank, South Africans were the biggest borrowers in the world last year.
New York’s attorney general has opened an investigation into potential abuses by finance firms that offer quick money to small businesses nationwide.
However, banks themselves have concerns over the enforceability of billions of pounds of cross-border contracts.
Eskom’s chairperson, interim group chief executive and chief financial officer have travelled to Washington to address concerns investors and lenders have around the power utility's liquidity and management.
The newly appointed Eskom board will provide the reassurance markets are seeking around issues of corporate governance at the power utility, says spokesperson Khulu Phasiwe.
South Africa’s four biggest banks, pummelled by political wrangling and enmeshed in economic malaise, are increasingly shying away from their main role: lending.
Some international banks are serving Qatar from London and New York instead of Dubai’s financial centre as a regional dispute makes it harder to do business with clients in the gas-rich Gulf state, according to people familiar with the matter.
Futuregrowth has lifted its funding suspension on a third state-owned entity, the Development Bank of Southern Africa has revealed.
China's bank lending rebounded strongly in May, following a sharp fall in April as borrowers continued to take advantage of loosened lending standards.
China's banks have made $206.18bn in new loans in June, handily topping market expectations, while broad money supply growth quickened.
Wonga.com CEO Kevin Hurwitz has left the company in search of new opportunities after launching the online micro lending business in 2012.
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