(Bloomberg) -- South Africa implemented credit laws
today that may slow a spending boom that has fueled the longest
stretch of economic expansion since World War II.
The National Credit Act will force banks and retailers to
better assess consumers' ability to pay before granting them
credit and restricts their ability to market loans to new
customers and take legal action against defaulters.
Read more at Bloomberg Emerging Markets News
today that may slow a spending boom that has fueled the longest
stretch of economic expansion since World War II.
The National Credit Act will force banks and retailers to
better assess consumers' ability to pay before granting them
credit and restricts their ability to market loans to new
customers and take legal action against defaulters.
Read more at Bloomberg Emerging Markets News
No comments:
Post a Comment