The High Court has ordered the National Credit Regulator (NCR) and the Minister of Trade and Industry to set aside regulations that cap interest rates and fees on short-term credit contracts.
It said that the Minister and the NCR failed to consider the effects of such caps on the micro-lending industry as well as the delivery of short-term credit to consumers.
The Money Show’s Bruce Whitfield interviewed Stephen Logan, Founder at Fair Credit.
For more detail; listen to the interview in the audio below.
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The Money Show’s Bruce Whitfield interviewed Rakesh Wahi (CNBC Africa and Forbes Africa) for his weekly business book review.
Onyx Connect says it will create 600 jobs and make a smartphone in Johannesburg for about R415.
What does 702’s former Breakfast Show host John Berks believe, hope for and fear about money? Does he have, and want, lots of it?
Make some money, buy these three stocks, says portfolio manager Dino Voulakis.
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.
Got some money in the bank, earning peanuts in interest? Here’s how to make it work harder for you in the most tax efficient way…