Africa in BusinessAfrica in Business

The Micro Finance South Africa calls for a review of credit rates and fees

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The Micro Finance South Africa (MFSA) has called on policymakers to urgently prioritise the review of outdated credit rates and fees, warning that without it, the financial sector will be unable to play its critical role in driving development finance, job creation, and youth empowerment. This comes after the country's Department of Trade, Industry, and Competition gazetted new credit regulations that are designed to enhance financial access for micro, small, and medium enterprises, as well as historically marginalised communities. Thabiso Lehojo spoke to Leonie van Pletzen, the CEO of Micro Finance South Africa (MFSA)

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