South Africa: Ubank On It - the Ongoing Spiral of Debt in Mining Communities

analysis

Mining communities are heavily in debt. That's nothing new, listed as one of the reasons for the Marikana Massacre and 2014 platinum strike. But those claiming to represent workers in the matter appear to be entrenching the debt, while employers are trying to confront it.

Like many mineworkers, Lonmin employee Mvula Mageleu is a client of Ubank. "It's very good, not the same as other banks, other services," he said on Monday on the phone from Marikana.

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