Ticking time bomb: unsecured debt is a major risk - Alec Hogg, Dave Woollam

Loading player...
In an article warning that the United Nations has unsecured lending on its list of concerns, Malcolm Rees points out that there is much as R208bn in outstanding unsecured and short-term credit in South Africa, accounting for 11% of all outstanding credit.  "To put that in context, the nominal value of outstanding unsecured credit has grown near six-fold since the start of the lending boom in 2008. In that year, it represented just 3% of all outstanding credit," Rees writes. BizNews editor-in-chief Alec Hogg picks up the threads of this story with micro-lending expert Dave Woollam. In this podcast, Hogg and Woollam discuss how unsecured debt is a major risk to the economy. - Jackie Cameron Learn more about your ad choices. Visit megaphone.fm/adchoices
27 Feb 2020 8AM English South Africa Investing · Business News

Other recent episodes

Dr Lennit Max: Non-racial, merit-based appointments of four new police commissioners

In his latest interview with Chris Steyn, former Western Cape Provincial Police Commissioner, Dr. Lennit Max hails the appointments of four new provincial commissioners. “This time around I am very pleased that the Acting National Commissioner in her wisdom decided that there's merit among people of colour.” He points out…
3 Aug 8AM 33 min

BN Daybreak: SA corruption probes; Trump’s Iran pause; SpaceX upcoming earnings, FIFA backlash

Today's BizNews Daybreak examines Japan’s US-coordinated currency intervention, OPEC+ production increases, and energy lobby opposition to US biofuels legislation. South Africa’s corruption commission delivers unprecedented accountability, while Donald Trump pauses planned Iran strikes pending rapid talks. Meanwhile, the S&P 500 opens at 7,489 and SpaceX prepares for a high-stakes earnings…
2 Aug 11PM 13 min

BN Daybreak: Apple earnings; Amazon AWS; RMB housing; Anglo’s SA exit; Tesla China sale

Today's BizNews Daybreak covers Apple's quarterly results, Rivian's SUV success, and Anthropic's AI breach, alongside a semiconductor rally driven by Microsoft and Oracle. Football federations oppose FIFA selling World Cup stakes, while Donald Trump claims a Gaza disarmament agreement. Meanwhile, Alec Hogg discusses Anglo American’s South Africa exit, RMB launches…
30 Jul 11PM 14 min