South Africa Banks Pan Minister’s U-Turn on Credit-Law Changes

BloombergMonday, September 15, 2025 at 6:52:19 AM

South Africa's banking lobby has expressed discontent over the government's reversal on proposed changes to the National Credit Act, which aimed to assist small businesses in obtaining loans.

Editor’s Note: This situation is significant as it highlights the ongoing challenges small firms face in accessing credit, which is crucial for their growth and sustainability. The banking sector's criticism indicates potential economic implications if small businesses remain underserved.

— Curated by the World Pulse Now AI Editorial System

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