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…
Hailed as the panacea for poverty in South Africa, microcredit has instead resulted in a spike in poverty, writes Milford Bateman.
State organs are said to have failed to obey a court order to review credit charges within nine months.
African Bank’s plight seemed to come as a shock, but banks started tightening up credit a year ago.
Microfinance in Afghanistan is facing a shortage of skilled people to run programmes, as well as challenges in reaching rural areas.
Unisa is one of the country’s universities that has done considerable research on Africa’s economic development, including work for Nepad by the Cems.
