Consumers survive on short-term debt

Affordability concerns mount
The N$100 billion plus consumers owe commercial banks will become even more expensive should the central bank later this month hike interest rates for the fourth time this year.
Jo-Maré Duddy
At the end of June, households owed commercial banks in Namibia nearly N$12.63 billion in overdrafts and other short-term debt – nearly N$487 million more than the same month las ...

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Namibian Sun 2022-08-18

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