Debt relief law ‘no cause for alarm’ for investors
21 August 2019 - 17:30
A new South African law bringing relief to overindebted, lower-income consumers is unlikely to deal as severe a blow to banks and retailers that some investors may fear, according to Bank of America Merrill Lynch analysts.
Describing the legislation as “a bogey, but no cause for alarm”, BofAML analysts including Michael Jacks said in a note that retailers have already provisioned for the projected impact on their bad debt...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.