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An illegal money trader holds out a wad of ZImbabwe dollar notes on January 26, 2022, in the streets of Bulawayo, Zimbabwe. Inflation is on the rise leading to cash shortages.
BULAWAYO

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…

  • Marko Phiri
10 min read