Banks address over-indebtedness

Brazi imposed a hefty six percent increase on the surcharge paid by its citizens when making credit cards purchases overseas.

Brazi imposed a hefty six percent increase on the surcharge paid by its citizens when making credit cards purchases overseas.

Published Nov 2, 2012

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Six of South Africa's biggest banks will address concerns over excessive lending and the abuse of debt.

The Banking Association of South Africa says it wants to ensure that it does not lend in a way that will make it difficult for people to pay off their debt.

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