Capitec is closing the taps

[BusinessTech]

Capitec is closing the taps

Capitec says high inflation and a tough economy means it is tightening its lending conditions as consumers come under pressure.

 

[LCBXX]

"It's just 2 weeks to flatten the curve."

 

[*SynergyX*]

a bit late.... damage is done. prepare that impairments book!!

 

[saturnz]

banks create inflation and then act surprised about it

 

[rvZA]

Shem.... the poor will now be struggling a lot....

 

[zulucat]

I’ve moved away from taking any conventional credit. If things get really tight I use services like Pay Just Now or PAYFLEX to ease the burden. I’ve found these to be better options as there’s no interest and crazy fees that come with normal credit.