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September 6, 2005
Sacob sounds debt alarm
Huge borrowing by households would leave a lot of people in trouble should the interest rate increase just 1% or 2%, the South African Chamber of Business (Sacob) warned on Tuesday...
At the moment new, particularly black economic empowerment (BEE), entrants to the debt market were finding it easy to service debt, said Sacob economist Richard Downing.
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Posted by bernievn at September 6, 2005 7:47 PM