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The recent announcement made by South African Reserve Bank Governor, Lesetja Kganyago, to keep the repo rate unchanged at 5.75% means that banks are unlikely to change their strict lending criteria any time soon.
We speak to Gary Palmer, CEO of Paragon Lending Solutions, who says that stricter lending criteria is likely to result in consumers and businesses increasing their reliance on alternative lending suppliers. Watch.
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We speak to Gary Palmer, CEO of Paragon Lending Solutions, who says that stricter lending criteria is likely to result in consumers and businesses increasing their reliance on alternative lending suppliers. Watch.
Follow all our latest videos by subscribing to our YouTube channel here and our Instagram feed here.
