MyZA

News, Directory, Events and Other Stuff

You are here: Home / News / Alarm bells over popular payment method in South Africa | SA News

Alarm bells over popular payment method in South Africa | SA News


Dehan Scherman from Financial Wealth Holdings has raised concerns over the popularity of Buy Now, Pay Later options in South Africa, warning that they could lead many people into financial distress.

Speaking to 702, Scherman explained that people who typically opt for buy-now-pay-later are those who can’t access credit, have no credit history, or are already over-indebted.

He said the people most likely to use the buy-now-pay-later option are those who really can’t afford it, and he warned that it can snowball…

Adriaan Basson: Editor of News24, recognized for his investigative journalism and
commentary on political affairs.

Read More at the Source

Category: Tag: , ,

If you feel strongly about this article then feel free to send MyZA a ‘Letter to the Editor’ using the submission form below:

Letter to the Editor

This field is for validation purposes and should be left unchanged.
If this is in response to an article please include that article title here or as the lead in for the first paragraph of your Letter below.

Separate tags with commas

Localise your letter by naming the city your words are about. Add relevant words describing your subject. Single comma separated words of no more than 5
Your Name(Required)
Your Name will be linked to the website below.
Your personal, business or social media web site
Choose NO to not set up a user account on MyZA. User Accounts will allow you to submit letters under your own Author Name

3 Latest Letters to the Editor:

  • Fun South African fact

    Dear Editor Fun South African fact: towns like Franschhoek and Stellenbosch are home to world-class wine farms set in stunning, scenic surroundings. Regards Aressa Smith In Response to/From: Luxury Properties Seized in New Lottery Crackdown

  • Condolences on the Passing of Lusanda Dumke

    Statement by Leander Kruger MPL – DA Buffalo City Constituency Leader: The Democratic Alliance in Buffalo City Metropolitan Municipality mourns the passing of Springbok Women’s rugby player and Mdantsane trailblazer, Lusanda Dumke, who lost her battle with cancer at the age of 28. South Africa has lost an exceptional athlete, a leader, and a source…

  • Rape Kits Delivered, But…

    Statement by Nicholas Gotsell MP – DA NCOP Member on Security & Justice: The DA can confirm that 2 840 rape kits arrived in Cape Town on Monday, following sustained DA oversight and pressure after multiple police stations across the Western Cape were found to be without this critical forensic evidence tool. While this delivery…

Reader Interactions

Comments

  1. A Priest was seated next to Van Der Merwe on a flight to Brakpan.

    After the plane was airborne, drink orders were taken.

    Van Der Merwe asked for a Rum and Coke, which was brought and placed before him.

    The flight attendant then asked the priest if he would like a drink.

    He replied in disgust \”I\’d rather be savagely raped by a dozen whores than let liquor touch my lips.\”

    Van Der Merwe then handed his drink back to the attendant and said \”Me too, I didn\’t know we had a choice.\”

  2. Gogga – bug [ch-o-cha] The ‘g’ is pronounced as ‘ch’ in the back of the throat (think Scottish “Loch”) and is used to describe a bug or insect.