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BizcommunityWhile many financial institutions are closing branches, Atlas Finance is expanding its physical footprint, reaching 300 stores nationwide. The milestone reflects the short-term loan provider’s strategy to improve access to credit and strengthen financial inclusion in underserved communities.
Business BagelToday’s edition Counter Culture Presented by Good morning. Spur is rethinking where South Africans eat, Capitec is becoming a lot more than a bank, and one company loan just made South Africa’s foreign investment appetite look a whole lot better than it really is. Not everything
Business BagelCapitec lifted headline earnings 19% to R9.5 billion without a fee increase, on more transactions and a growing trade in airtime, data and insurance, while setting more aside for bad loans.
The CitizenThe research also suggests there has been a 14.5% increase in South Africans who took out micro-loans over the past year.