South Africa Business News: Naidoo Warning on Banking Loans

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South African banks will probably have to raise further provisions for bad loans as measures to contain the coronavirus weigh on the struggling economy, hindering the ability of customers to repay loans.

“We have a pretty good handle on the banks’ estimates of non-performing loans and they have all raised provisions for this,” Kuben Naidoo, a central deputy governor and chief executive officer of the Prudential Authority, which…

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