Usury Act, 1968 (Act No. 73 of 1968)Report on Costs and Interest Rates in the Small Loans Sector |
I, Alexander Erwin, Minister of Trade and Industry, do hereby publish for general comment a report titled "Examination of Costs and Interest Rates in the Small Loans Sector."
Interested persons are invited to furnish written comment and representation on or before 25 August 2000 to:
The Director-General
Department of Trade and Industry
Private Bag X84
PRETORIA
0001
For attention: Ms Lizell Reinecke
Tel (012)310-9456
Fax: (012) 322-8489
Alexander Erwin
Minister: Trade And Industry
Examination of Costs and Interest Rates in the Small Loans Sector
May 2000
Prepared by:
Ebony Consulting International (Pty) Ltd
List of Acronyms
AMIEP |
Alliance of Micro-Enterprise Practitioners |
AMSA |
Association of Microlenders |
APR |
Annual Percentage Rate |
CC |
Closed Corporation |
DBSA |
Development Bank of Southern Africa |
DTI |
Department of Trade and Industry |
ECI |
Ebony Consulting International |
EU |
European Union |
GDP |
Gross Domestic Profit |
JSA |
Johannesburg Stock Exchange |
LSM |
Living Standard Measure |
M&SE |
Micro & Small Enterprise |
MFI |
Micro Finance Institution |
MIFRC |
Micro Finance Regulatory Council |
MLA |
Micro Lenders Association |
NASASA |
National Stokvels Association of South Africa |
NBFI |
Non-Bank Financial Institutions |
NGO |
Non Governmental Organisation |
NHFC |
National Housing Finance Corporation |
RFI |
Rural Financial Institution |
RHLF |
Rural Housing Loan Fund |
ROA |
Return on Assets |
ROE |
Return on Equity |
ROSCA |
Rotating Savings and Credit Association |
SAM |
South African Microlenders |
SAML |
South African Micro Lenders |
SCF |
Southern Corporate Finance |
SMIME |
Small, Medium and Micro Enterprises |
UEMOA |
West-African Economic Monetary Union |
USA |
United States of America |
USAID |
United States Agency for International Development |