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loan sharks

Zimbabwe’s loan sharks smile as runaway inflation looms again
Africa
/ 25 February 2022

Zimbabwe’s loan sharks smile as runaway inflation looms again

Well before Zimbabwe’s economy took a hit in the late 1990s, spurring world-record inflation, usury was a part of the daily lives of working-class households in South Africa’s northern neighbour

By Marko Phiri
Consumers buy cornflakes on credit
Opinion
/ 14 June 2021

Consumers buy cornflakes on credit

As millions join the unemployment ranks, relying on debt to make ends meet becomes more attractive

By Neil Roets
Debt rises as virus eats paycheques
Business
/ 17 September 2020

Debt rises as virus eats paycheques

Heavily indebted, South Africans turn to loan sharks rather than banks for short-term relief, while business resists borrowing from banks due to economic uncertainty

By Tshegofatso Mathe and Thando Maeko

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