Loan sharks and the curse of poverty

Written by Ina Opperman Poor consumers with no access to formal credit rely on loan sharks to feed their families and end up in a never-ending debt spiral. You will find at least one loan shark in every poor community in South Africa, where they prey on people who have no access to banks and […]

Unchanged repo rate means retailers have less of an ‘excuse’ to hike food prices

Written By Ina Opperman The Reserve Bank’s decision to leave the repo rate unchanged at 8.25% was met with relief by many consumers. The unchanged repo rate gives retailers less of an “excuse” to hike food prices while consumers buckle under a crushing financial load as they profit. “It is concerning that our food retailers […]

News today: Repo rate, SABC bailout, DA blames ANC for Eskom cadre deployment, and more

Written by Cheryl Kahla Here’s your morning news update: An easy-to-read selection of our top stories. News today includes Pravin Gordhan rejecting recommendations from Eskom’s board to replace former CEO Andre de Ruyter. Meanwhile, the repo rate will remain at its current level, giving retailers less of an “excuse” to hike food prices, and SABC to get another bailout. […]

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