BNP Paribas has begun to negotiate the purchase of RCS Investment Holdings, a consumer credit provider owned by Standard Bank and Foschini.
Parliament is going ahead with it, but credit providers say the last one did as much bad as good.
Alarm bells are not going off just yet, but experts say the rise in unsecured credit in South Africa is a worrying trend. Lynley Donnelly reports
Fifteen credit providers have been arrested for allegedly bullying people and using illegal collection tactics in the Northern Cape.
