MARK BARNES: Are we on the road to a savage future?
As gangs rule and violence is the exchange rate, we are sliding into anarchy
16 March 2023 - 05:00
Disintermediation usually advances society, but not always. A (now highly developed) informal lending market has emerged in SA.
Partly this is in response to the absence of supply of credit to “informal” sectors of the economy by the established commercial banks, and partly it is due to advances in technology. Access to financial services and transaction capability is now on your person, in your pocket, 24-7, for so many...
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