South Africa: Festive Season Sees Demand Soar for Loans

Demand for personal loans has soared over the festive season in spite of the burdensome National Credit Act, a Cape-based financial services website has claimed.

In fact, Justmoney.co.za website general manager Paul Beadle said the tougher requirements on the National Credit Act (NCA) could be the reason why people were turning to personal loans.

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