Frozen in 2015: How South Africa’s Financial Regulation Fails to Keep Pace with The ‘Payday Loan Reality’.
This article is for informational purposes only and may not be aligned with the editor’s point of view. Wonga’s Brett van Aswegen has a specific complaint about the National Credit Act’s fee caps. But the problem he’s describing runs deeper… and it’s not unique to credit. There’s a particular kind of regulatory failure that’s easy …