EDITORIAL: Some rest from loan sharks, but it is not ideal

EDITORIAL: Some rest from loan sharks, but it is not ideal

Options to cash advance providers have actually emerged, but low wages will keep carefully the industry going

For some Southern Africans, it is difficult to resist the urge to approach pay day loans providers, specially when a monetary surprise strikes them ahead of the next wage period.

The payday loan industry is booming in a country with a low savings rate, a downtrend in wage growth and dangerously high personal debt levels with promises of quick and easy loans to those who run short of cash between salaries. Continuer la lecture de « EDITORIAL: Some rest from loan sharks, but it is not ideal »