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Payday lenders are out of time in their fight against credit cap
They're tempting and easy but payday loans are certainly not cheap. ScurzuzuPressure is mounting on high cost credit companies to face tighter controls when they hand out short-term loans. Debt advice...
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HECS for the unemployed: a finance answer to mining's decline
A decade of strong mining revenue growth has seen workers disproportionately located in the “mining states” of Queensland and Western Australia. With mining investment now waning, workers drawn by in...
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Payday lenders restricted but loan sharks lurk for the financially desperate
Soon to be a thing of the past? κύριαsity via Flickr, CC BY-NCThe Financial Conduct Authority’s new controls on payday lenders are geared toward protecting borrowers from excessive charges, which is...
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In defence of payday loans
Cuddly Little Owl, CC BY-NCPayday lenders have been the subject of trenchant criticism since their popularity exploded following the financial crisis. A recent documentary, “Cash in Hand: Payday...
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Why personality tests for bank loans are a bad idea
shutterstock.comLending money is a risky business. Since 2010, Bank of England figures reveal that lenders have written off an average of £13.2 billion a year in bad loans. You can never be 100% sure...
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Crowdfunding cool fuels its growth but investors risk a sting in the tail
Happy customer. Leonard Lin, CC BY-SACrowdfunding has rapidly emerged as an alternative source of financing for start-ups and new ventures. From artistic endeavours such as Marina Abramovic’s Institute...
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How Brexit opened up the Pandora’s box of Italy's banking malaise
Brexit has triggered a financial chain reaction that has also exposed the problems of the Italian banking system. The UK’s decision to leave the EU made investors fearful that the union would face a...
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VET FEE-HELP reforms will merely paper over the cracks of a system prone to...
Will proposed reforms to VET FEE-HELP tackle abuse by private providers? AAP/Dan HimbrechtsEducation Minister Simon Birmingham has foreshadowed further major changes to the troubled VET FEE-HELP loan...
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How years of IMF prescriptions have hurt West African health systems
The IMF was blamed after the 2014 Ebola crisis for contributing to the failure of West African health systems to develop. Reuters/Baz RatnerThe International Monetary Fund (IMF) provides financial...
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BRICS bank is offering more of the same rather than breaking the mould
Indian and Chinese representatives mark the launch of the New Development Bank. EPA/XING ZHE CHINA OUTThe New Development Bank recently held its second annual meeting in the Indian capital of New Delhi...
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South Africa should consider help from the IMF to fix its economy
shutterstock ShutterstockThe prognosis that the South African economy is in dire straits is pretty obvious even to the untrained eye. The solution to the country’s present predicament is also pretty...
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Are we facing a car loan credit crunch? Here are the facts
Most new cars are now bought on credit. ShutterstockSales of new cars in the UK fell for the fifth month in row during August, with demand for diesel cars falling more than a fifth, according to data...
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Australia's $1 billion loan to Adani is ripe for a High Court challenge
Indian mining giant Adani’s proposal to build Australia’s largest coal mine in Queensland’s Galilee Basin has been the source of sharp national controversy, because of its potential economic, health,...
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How 'liar loans' undermine sound lending practices
original How truthful are we when it comes to negotiating loans in Australia? With increasing pressure on the housing market, some of us might be tempted to stretch the truth to secure a mortgage on...
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South Africa should prepare for the worst case scenario: seeking help from...
IMF Managing Director Christine Lagarde at the "G20: Compact With Africa". Reuters/Mike TheilerPrudence teaches that societies experiencing difficult and uncertain times should hope for the best but...
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Why financial literacy should be taught in every school
B.C.'s ambitious new school curriculum includes mandatory financial literacy instruction within math courses at every grade level, starting from kindergarten. (Shutterstock) What would you do if you...
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Does microfinance really alleviate poverty? The 34-billion-dollar question
Give a man the means to borrow, so the argument goes, and he can work himself out of poverty. But do microfinances' claims stand up? wk1003mike/ShutterstockDespite around US$34 billion in funding and...
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Top job for South African gives African countries sway at the IMF
South African Reserve Bank Governor, Lesetja Kganyago, is expected to push the agenda of developing countries inside the IMF. Reuters/Mike HutchingsSouth Africa’s Reserve Bank Governor, Lesetja...
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Generation debt: UK 'below average' at teaching financial literacy
It's all about money. ShutterstockPersonal debt has reached record levels in the UK. Latest statistics show that people in the UK owe £1.58 trillion. This is up from £1.53 trillion in 2017. This means...
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Why Tanzanian women entrepreneurs don't apply for formal loans
Research suggests that women enterprises in Tanzania are shy to take up business loans. ShutterstockWith an annual GDP growth of 7% since 2013, Tanzania is one of the fastest growing economies in...
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