Unsecured Lending

​Unsecured lending ‘has had a bad rap’

Capitec, in September last year, said it would reduce interest rates on longer-term unsecured loans from 28% to about 20% over the next five years.

Unsecured lending: The underwriting was on the wall

African Bank's plight seemed to come as a shock, but banks started tightening up credit a year ago.

New P2P lending platform gives SMEs a boost

The evolution of peer-to-peer lending platforms has given small businesses another way to access financing despite renewed lending scrutiny.

African Bank chief exec quits

Head of the country's largest unsecured lender, Leon Kirkinis, has stepped down with immediate effect as the bank plans a capital increase.

Banks flee risky loan business

Thanks to increased caution, SA banks have managed to decrease impairments in the past year.

African Bank underestimates soured loans, slides to loss

The unsecured lender's interim results show a loss of R4.4-billion as its customers struggle to repay loans.

Capitec gears up for more bad debt

The country's second largest lender of unsecured loans is setting aside more money for bad debt as mine strikes and a slow economy hit consumers.

Holdings of bonds in unsecured lenders ‘wind down’

Old Mutual has halted bond purchases from unsecured lenders, while Futuregrowth Asset Management will "wind down' holdings of bonds with the lenders.

Capitec battens down the hatches ahead of the storm

The second largest player in the unsecured lending credit sector reports a 20% increase in first half earnings.

African Bank rated best buy by analysts

South Africa's biggest unsecured lender is rated highly despite increasing bad debt

Credit sector shows some growth

The uptick in credit sector has been driven by the demand for unsecured loans, but the reserve bank is not concerned.


R80-million: The cost of evacuating South Africans from Wuhan in China

The government is expected to evacuate citizens from Wuhan, where the coronavirus outbreak originated

Primedia CEO Essack leaves following internal battles

Omar Essack leaves the 702 and 94.7 owners after a protracted standoff with the board

LIVE BLOG: Fin Min Tito Mboweni presents the 2020 budget

The budget is usually scheduled for the second-last Wednesday in February, and the ratings agencies deliver their decisions after assessing the country’s plans for the fiscal year ahead

Press Releases

Tourism can push Africa onto a new path – minister

The continent is fast becoming a dynamic sought-after tourist destination

South Africa’s education system is broken and unequal, and must be fixed without further delay

The Amnesty International report found that the South African government continues to miss its own education upgrading targets

Business travel industry generates billions

Meetings Africa is ready to take advantage of this lucrative opportunity

Conferences connect people to ideas

The World Expo and Meetings Africa are all about stimulating innovation – and income

SAB Zenzele Kabili B-BBEE share scheme

New scheme to be launched following the biggest B-BBEE FMCG payout in South Africa’s history

Digging deep

Automation is unstoppable, but if we're strategic about its implementation, it presents major opportunities

TFSAs are the gymnasts of the retirement savings world

The idea is to get South Africans to save, but it's best to do your research first to find out if a TFSA is really suited to your needs

Achieving the litmus test of social relevance

The HSS Awards honours scholarly works based on their social relevance and contribution to the humanities and social sciences