Nearly 60% of young South Africans rejected by banks are turning to mashonisas as unemployment, rising costs, and student debt push survival borrowing into dangerous territory. Jacob Moshokoa speaks to Samantha Moyana, Debt Counsellor at National Debt Advisors, about how financial exclusion is driving a generation into informal lending and why this is being seen as a system failure rather than personal financial irresponsibility.

<p>Nearly 60% of young South Africans rejected by banks are turning to mashonisas as unemployment, rising costs, and student debt push survival borrowing into dangerous territory. Jacob Moshokoa speaks to Samantha Moyana, Debt Counsellor at National Debt Advisors, about how financial exclusion is driving a generation into informal lending and why this is being seen as a system failure rather than personal financial irresponsibility.</p>

Your early morning chat - traffic - news fix delivered in a relaxed manner. weekdays from 4 am to 6 am.

Early Breakfast with Africa Melane

Your early morning catch-up with chat, traffic and news delivered in a relaxed manner. weekdays from 4 am to 6 am.

<p>Your early morning catch-up with chat, traffic and news delivered in a relaxed manner. weekdays from 4 am to 6 am.</p>

Finance: Nearly 60% of rejected young borrowers forced into mashonisas

https://api.omny.fm/orgs/5dcefa8e-00a9-4595-8ce1-a4ab0080f142/clips/3efdd4da-2301-4ccd-a7f2-b46d00325009/transcript