Viceroy Labels Capitec A Loan Shark, Wants Bank Placed Under Curatorship

Viceroy says it has found that Capitec has been advising and approving loans to delinquent customers in order to repay existing loans.

The Viceroy research group has called on the Finance Minister and the South African Reserve Bank to immediately place Capitec under curatorship after branding the bank as a “loan shark with massively understated defaults – masquerading as a community finance provider”.
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