Credit can be incredibly valuable for South Africans, but there are numerous pitfalls that one must be aware of.

South African lender Capitec Bank CPIJ.J said on Tuesday its loan losses in retail banking will likely shrink to within its target range in 2025, as its full-year profit rose by 16%, sending its share ...

The share knock of the depressed outlook for South African banks extended to FirstRand, which also noted it would see slower growth in corporate and retail loans in the 2024 fiscal year. Consequently, ...

For cash-strapped consumers who battle to settle their debts, this sounded spot-on, but other economists do not agree fully.

Dr Natu El-Maamry Mwamba, the Treasury permanent secretary, issued this appeal here over the weekend at a meeting for finance ministers, and central bank governors as executive directors of the Africa ...

South Africa’s four major banks are projected to lose around R53 billion due to non-performing loans. This is due to the fact that their credit loss ratios are expected to rise in 2024.

Africa's $824 billion debt burden and opaque resource-backed loans hinder its potential, African Development Bank President warns ...

Its current strategy appears to be paying off handsomely, as a R1,000 investment in 4Sight shares at the start of the year would have been worth R1,520 by the end of the first quarter.

Capitec started issuing credit life insurance policies in May 2023, and in the year under review, managed to grow its insurance profit by 12% to R3 billion. Net credit life insurance income was up 13% ...

South Africa's largest clothing trade union has lost its court bid to compel Sekunjalo Independent Media to repay it R300 million after a judge ruled that the union's head legally signed a contract to ...

It provides cover of up to R100 000 to each qualifying depositor per bank in the unlikely event of a bank’s collapse.

Analysis of World Bank and OECD figures show that countries in the global south are likely to pay out $50 billion more in 2024 than they receive in grants and loans.