Tackling consumer indebtedness and unscrupulous lending in South Africa

James, Deborah ORCID: 0000-0002-4274-197X (2022) Tackling consumer indebtedness and unscrupulous lending in South Africa. LSE Business Review (18 Aug 2022). Blog Entry.

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Abstract

South Africans have been borrowing extensively to meet their own and their dependents’ needs and expectations. Among salaried employees, many have no cash reserves and no investments; their houses, cars, and other assets are bought entirely with borrowed cash, often to the detriment of precarious monthly budgets. Deborah James describes a “creditor advantage” legal culture in the country, where lenders have been able to plunder the accounts of salary earners with impunity, through “deductions”. Her research details the complex social reasons for it and informs efforts to tackle unscrupulous lending.

Item Type:	Online resource (Blog Entry)
Official URL:	https://blogs.lse.ac.uk/businessreview/
Additional Information:	© 2022 The Author
Divisions:	Anthropology
Subjects:	H Social Sciences > HG Finance H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited:	20 Sep 2022 14:18
Last Modified:	14 Sep 2024 03:40
URI:	http://eprints.lse.ac.uk/id/eprint/116483

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