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.
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