Articles > Newspapers > International Newspapers, Major Markets > The Star (South Africa) articles > July 2008

Article: Economist warns of local 'subprime' crisis.(Business Report)

Article from:
The Star (South Africa)
Article date:
July 15, 2008
Copyright

BYLINE: Mzwandile Jacks Johannesburg

The increase in the number of customers defaulting on mortgage repayments could drive the local banking sector to its own subprime crisis, an academic has warned.

Carel van Aardt, the head of income and expenditure research at Unisa's Bureau of Market Research (BMR), said this could happen because South Africans had been given credit on more favourable terms than they qualified for if their full credit histories were known. Van Aardt and his team discovered this in talks they had with banks and credit providers during research conducted by the BMR.

"During 2006 and just before the advent of the National ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: Future is looking bright: survey; ‘Majority of South ...
Daily News (South Africa);  March 23, 2007 ;     700+ words ...BYLINE: Daily News reporter South Africans are optimistic about the future ... of a representative sample of South Africans and found a positive approach among all sectors of society. When South Africans were asked to rate the current ...

Article: Chinese South Africans to be included in definition ...
Xinhua News Agency;  June 18, 2008 ;     661 words ...Chinese South Africans to be included in definition of ... granted a landmark ruling that Chinese South Africans are to be included in the definition ... under the terms of which Chinese South Africans are included in the definition of ...

Article: 'Circumstances' force tough decision on South ...
Gulf News (United Arab Emirates);  July 3, 2008 ;     700+ words ... ... discrimination" are forcing more white South Africans to leave their country and look for ... all honesty, I think that the white South Africans who leave the country have simply given ... sex." Between 40,000-50,000 South Africans are registered with the embassy in ...

Article: Field of dreams? Field of despair? White South ...
The Star (South Africa);  October 3, 2008 ;     700+ words ... ... provides insight into the attitudes of all South Africans towards both the 2010 World Cup and ... like other population groups, white South Africans do care about the World Cup. What ... three years, at least 95% of white South Africans (aged 16 years and older) have consistently ...

Article: Advocating for decent values; South Africans of ...
The Mercury (South Africa);  August 30, 2007 ;     700+ words ...Recent media attention on the four South Africans who were captured in Baghdad last year raises difficult questions for South Africans to engage with. Are South Africans there simply because it means lucrative earning potential, despite the risks ...

Article: South Africans are feeling the pull of home and ...
Daily News (South Africa);  July 31, 2008 ;     700+ words ... ... early 1990s. Affluent, accomplished South Africans of all races - whites in particular ... profit groups say more and more white South Africans in their late 20s and beyond are returning ... returned. "We have certainly seen South Africans returning," said Homecoming Revolution ...

Article: SA's dogs of war refuse to have their bite muzzled by new act; ...
The Saturday Star (South Africa);  May 2, 2009 ;     700+ words ... ... private security company in Iraq. But South Africans - once highly sought for their experience ... require highly skilled personnel, making South Africans with experience in the SAPS and SADF ... Affairs estimated that there were 10 000 South Africans working in Iraq, making South ...

Article: Invasion? South Africans fear threat of growing ...
New Pittsburgh Courier;  March 20, 1999 ;     700+ words ...INVASION? South Africans fear threat of growing foreign ... emerged as a major problem. "Most South Africans seem to believe that foreigners ... foreigner feeling, but Black South Africans say they are more likely to do ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives