Predatory lending and debt abuse as a human rights issue in SA.
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GUEST - Samantha Moyana - Debt Counsellor, National Debt Advisors
As South Africa observes Human Rights Day, the focus is often on the nation’s hard-won freedoms. But beyond the political and social discussions, a critical and often overlooked issue threatens the financial well-being of millions—predatory lending and debt abuse.
With over 42% of the country’s 23 million credit-active consumers classified as having impaired credit records, the reality is that financial exploitation has become a modern crisis, particularly for vulnerable social grant recipients.
Today, we shine a spotlight on this issue with Samantha Moyana, a debt counsellor from the National Debt Advisors. She joins us to unpack the scope of predatory lending in South Africa, the systemic challenges facing consumers, and what can be done to enforce stronger protections and promote financial literacy.
As South Africa observes Human Rights Day, the focus is often on the nation’s hard-won freedoms. But beyond the political and social discussions, a critical and often overlooked issue threatens the financial well-being of millions—predatory lending and debt abuse.
With over 42% of the country’s 23 million credit-active consumers classified as having impaired credit records, the reality is that financial exploitation has become a modern crisis, particularly for vulnerable social grant recipients.
Today, we shine a spotlight on this issue with Samantha Moyana, a debt counsellor from the National Debt Advisors. She joins us to unpack the scope of predatory lending in South Africa, the systemic challenges facing consumers, and what can be done to enforce stronger protections and promote financial literacy.