Do Loan Sharks Play a Viable Part in South Africa’s Credit Market?

South Africa’s Credit Market

Many people will think they already know the answer to that question, but recent research has suggested that loan sharks could play an important part in the financial lives of many South Africans. For most of us, loan sharks, also known as ‘mashonisas’, conjure up images of burly men banging on doors and intimidate people into handing over money they do not have. However, recent research by Wonga South Africa has found that the reality of this type of lender does not always match the stereotype. What did the study…

Read More