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The Citizen Business·September 2, 2026 at 1:37 PM

According to a survey reported by The Citizen Business, more South Africans are turning to informal lenders known as mashonisas to survive financially. The survey found that reliance on loan sharks has more than doubled, rising from 15% in the 2025 survey. The findings point to growing dependence on high-risk informal credit among consumers under pressure, without providing details on causes, sample size or repayment outcomes.

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South Africainformal lendingmashonisasloan sharksconsumer financessurvey

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