Market-led microcredit innovations dominated by profit maximisation can harm the very vulnerable.
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Entities at the centre of the storm engulfing South Africa’s social grants distribution system have claimed to be champions of financial inclusion. The claim in itself is scandalous.
The South African Social Security Agency has created a crisis that threatens to deliver social grant recipients on a silver platter into the hands of unscrupulous financial services companies.
The unfolding social grant payment crisis in South Africa threatens the livelihoods of a third of the country’s population.
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Senior Researcher: Institute of Poverty Land and Agrarian Studies, University of the Western Cape
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Director: Institute for Poverty, Land and Agrarian Studies, University of the Western Cape
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Professor of Anthropology, London School of Economics and Political Science
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Visiting Professor at the Business School, University of the Witwatersrand
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Executive Dean: College of Business & Economics, University of Johannesburg
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Passionate about Small, Medium and Micro Enterprises | Marketing Executive | Master of Business Administration (MBA) | Digital Marketing Expert, University of Johannesburg