Unregistered Loan Sharks Preying On Vulnerable Individuals
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A loan shark from Limpopo was recently arrested for seizing social grant cards of financially vulnerable individuals. This brought about questions around compliance for lenders. One other thing it raises is what happens when the lending happens between two individuals. Senior Legal Advisor from the office of the Credit Ombudsman, Avitha Nofal, joined Sizwe Dhlomo to answer these questions for us.
