Browsing All posts tagged under »loans«

Chinese loans: let’s have the facts

August 4, 2018

3

There have been ecstatic announcements from the SA government about money apparently pouring in from China. But these are loans, denominated in US dollars. They have to be paid back, with interest, so why is the government not making clear what the terms are. And that might include what collateral has been offered.

The worry that is Wonga

September 20, 2013

0

There are lessons to be learned and warnings to be heeded in the actions of the legal loan sharks and in reactions to their preying of the most vulnerable sectors of society.