Applicants for short-term loans seem to be in less debt

South African short-term lender Wonga said yesterday it had noted significant changes in the credit market, as applicants for short-term loans appeared to be in less debt than a year ago. James Williams, the head of marketing for Wonga, said there was an emerging...

Higher Education unable to clear all student debt

Higher Education and Training Minister, Dr Blade Nzimande, says the department is not in a financial position to be able to support institutions to clear all the debt of fee-paying students. Responding to the South African Union of Students (SAUS) letter of demands,...

Mboweni warns against country’s debt crisis

Finance Minister Tito Mboweni has warned that South Africa must find means to control its debt crisis urgently. The Minister made the declaration during a virtual discussion of the Bloomberg Capital Markets Focus: South Africa on Tuesday. “I’m very worried about this...
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