Financial Mail: Drowning in debt (cover story)

Part three of my Pound of Flesh series of data-driven articles on SA consumer debt. This was the cover package of the Financial Mail on 22 March 2018.

HOW RECKLESS LENDING IS KILLING THE ECONOMY

Reckless lending is back in the dock as another consumer takes on Capitec over possible contravention of the national credit act. It’s one of many such challenges against credit providers that highlight the dire state of overindebtedness in a country where those who owe money outnumber those who earn it…

The three stories that make up the cover package all sit behind the FM paywall, so if you’re a subscriber, you can access the full article here: https://www.businesslive.co.za/fm/features/cover-story/2018-03-22-how-reckless-lending-is-killing-the-economy/ 

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