unsecured lending

 
​Unsecured lending ‘has had a bad rap’
​Unsecured lending ‘has had a bad rap’
Unsecured lending is the key to many South Africans’ journeys to economic stability and relative affluence.
Unsecured lending: The underwriting was on the wall
Unsecured lending: The underwriting was on the wall
The boom in unsecured credit saw regulation stacked in favour of lenders, which had a number of tools at their disposal to claw money back from...
New P2P lending platform gives SMEs a boost
New P2P lending platform gives SMEs a boost
Speaking in Parliament recently Trade and Industry Minister Rob Davies complained that “developmental credit”, the kind used to start or...
African Bank chief exec quits
African Bank chief exec quits
African Bank Investments Ltd, South Africa's largest provider of unsecured loans, said founder and chief executive Leon Kirkinis resigned as it...
Banks flee risky loan business
Banks flee risky loan business
The big banks have been cutting back on the creeping habit of giving unsecured loans, with the result that impaired advances in the banking sector...
African Bank underestimates soured loans, slides to loss
African Bank underestimates soured loans, slides to loss
African Bank Investments (Abil), South Africa's largest provider of credit not backed by assets, slid to a fiscal first-half loss after bad debts...
Capitec gears up for more bad debt
Capitec gears up for more bad debt
Capitec Bank Holdings, South Africa's second-largest provider of unsecured loans, said it is setting aside more money for bad debt as a...
Holdings of bonds in unsecured lenders 'wind down'
Holdings of bonds in unsecured lenders 'wind down'
Old Mutual's South African fixed-income investment unit said its development funds have halted purchases of bonds from unsecured lenders in the...
Capitec battens down the hatches ahead of the storm
Capitec battens down the hatches ahead of the storm
Capitec Bank, the second largest player in the unsecured lending credit sector, reported a 20% increase in first half earnings this week, but this...
African Bank rated best buy by analysts
African Bank rated best buy by analysts
African Bank Investments, which plummeted as much as 50% as bad loans climbed, has the highest percentage of analyst buy ratings of the...
Credit sector shows some growth
Credit sector shows some growth
Credit growth continues to pick up and unsecured lending remains the strongest credit category, the South African Reserve Bank's review of...

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