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State-owned SAA has experienced longstanding financial woes that were exacerbated by the Covid-19 pandemic, forcing it to halt all operations in September 2020 when it ran out of funds...
With South African consumers under tremendous financial pressure, the pawnbroker business has seen quite a rise in individuals coming to lenders for financial assistance. Peter Setou, senior manager of education and strategy at the National Credit Regulator (NCR) reminds pawnbrokers to assess whether they have now surpassed the 100 agreements/R500 000 loan book threshold, and if so, to register with the NCR.