logo

Videos

How Mashonisas, traditional banks can work together on credit markets

PUBLISHED: Tue, 22 May 2018 15:19:42 GMT

The prevalence of non-registered credit lenders also known as mashonisas is more widespread than anticipated. This is according to the Informal Lending Report, commissioned by short-term lender, Wonga showed that there are approximately 40 000 mashonisas in South Africa, at a ratio of 1:100 households in informal settlements. Joining CNBC Africa is Brett van Aswegen, CEO, Wonga SA.


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.