Cash loan operators squeeze out mineworkers

SELEBI-PHIKWE: Mineworkers are bearing the brunt with retrenchments and now a blanket freeze on access to loans.

First, it was commercial banks that decided against advancing loans to mineworkers; many cash loans operators soon followed suit. Economic analysts see this as a cautious move to guard against bad debts in the event of retrenchments.

The troubled mining sector has seen demand for diamonds drop sharply worldwide while prices for base metals are also depressed.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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