Court orders scrapping of cap on interest rates (and fees) on short-term loans

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.

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
'Jacob Zuma’s actions are keeping the cost of debt higher than it needs to be'

'Jacob Zuma’s actions are keeping the cost of debt higher than it needs to be'

The Money Show's Bruce Whitfield interviews FNB Economist Mamello Matikinca about why the Sarb decided not to cut interest rates.

How to pitch your idea to a company

How to pitch your idea to a company

Aurik Business Accelerator’s Pavlo Phitidis has listened to more than a few pitches in his career. He gives advice…

How to keep your wealth intact (should Jacob Zuma fire Pravin Gordhan)

How to keep your wealth intact (should Jacob Zuma fire Pravin Gordhan)

We have learned a thing or two from Nene-gate, says Galileo Capital Personal Financial Advisor Warren Ingram.

Who should be allowed access to your encrypted data?

Who should be allowed access to your encrypted data?

There are growing calls for governments to be given access to people’s data. Is that fair?

5 things you should know about Guptas vs Pravin Gordhan

5 things you should know about Guptas vs Pravin Gordhan

The Money Show’s Bruce Whitfield interviews amaBhungane Centre for Investigative Journalism Investigator Susan Comrie.

Meet Johan Nel of Gumtree South Africa (largest classifieds site in the country)

Meet Johan Nel of Gumtree South Africa (largest classifieds site in the country)

The Money Show’s Bruce Whitfield interviews Gumtree South Africa Country Manager Johan Nel for his weekly “ShapeShifter” feature.

Popular articles
5 things you should know about Guptas vs Pravin Gordhan

5 things you should know about Guptas vs Pravin Gordhan

The Money Show’s Bruce Whitfield interviews amaBhungane Centre for Investigative Journalism Investigator Susan Comrie.

Samsung's sexy S8 (best phone ever?) finally launches

Samsung's sexy S8 (best phone ever?) finally launches

The Money Show’s Bruce Whitfield interviews Tech Reporter Aki Anastasiou.

"Zuma's support is waning"

"Zuma's support is waning"

News24 Editor Adriaan Basson provides insightful analysis on President Zuma's 'game' and what might have happened in Cabinet.

Mixed reactions to Motlanthe's eulogy at Ahmed Kathrada's funeral

Mixed reactions to Motlanthe's eulogy at Ahmed Kathrada's funeral

Loud cheers could be heard from the crowds when former president Kgalema Motlanthe read from struggle icon, Kathrada's letter

Police questioning man about death of Mitchells Plain girl

Police questioning man about death of Mitchells Plain girl

11-year-old Stacha Arendse was reported missing on Monday and her body was found on a field after an intensive search on Tuesday.

Gordhan gets standing ovation amid Cabinet reshuffle speculations

Gordhan gets standing ovation amid Cabinet reshuffle speculations

The Cabinet meeting will take place later today after the funeral of struggle veteran Ahmed Kathrada.

[WATCH] Motlanthe ovation as he quotes Kathrada's call for Zuma to step down

[WATCH] Motlanthe ovation as he quotes Kathrada's call for Zuma to step down

As part of his eulogy, former president Kgalema Motlanthe read from a letter Kathrada wrote to President Jacob Zuma last year.

"Jacob Zuma doesn't care about ANC and South Africa"

"Jacob Zuma doesn't care about ANC and South Africa"

Political analyst Prince Mashele says the ANC has to teach President Zuma a lesson if he reshuffles Cabinet to benefit himself.