22 October 2020 13 Min Read
Are SA’s banks facing a bad-debt crunch?
In spite of the huge number of Covid-related job losses and resulting failure of thousands of South Africans to keep up with their credit payments, the big banks are looking remarkably steady. One concern is that civil servants may start to fall victim to retrenchments as the government seeks to cut costs, resulting in many more people (and their banks) feeling the crunch
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