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.
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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