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Bloodletting as unsecured loan bubble pops
African Bank’s share price fell by 17.5%, the most in almost 13 years, as it shed R4.1bn in value. Shares in Capitec Bank, the second-largest unsecured lender, dropped 6.8% as it shed R1.7bn in value....
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Capitec defends its lending policies
Capitec CEO Riaan Stassen says he was taken aback by the National Credit Regulator’s decision and was spurned when he tried to meet the CEO Related articles UPDATE 2-S.African banks ease pace of...
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