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National Credit Regulator Sees Rise of Recession Ahead

outh Africa could see a spike in bad loans as the first recession since 2009 hits millions of chronically indebted consumers struggling to pay back credit totalling R1.7 trillion ($133.19 billion), the National Credit Regulator (NCR) said on Wednesday. Africa’s most developed economy slipped into recession in the first quarter, compounding a slew of negative

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