Uploaded August 2026 | Updated September 2026, 2 weeks ago

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South African short-term lender, Wonga says its new study indicates that the number of South Africans borrowing from informal lenders has more than doubled from the 15 percent it recorded in a similar survey in 2025.

The study shows how the cost-of-living crisis is increasingly forcing consumers to access dangerous, illegal lenders – often to pay for daily essentials

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