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The purpose of shorter duration loans is to provide the borrower temporary financial relief. Such loans are not a long-term financial solution.
Mukheibir laughs. Word of mouth gets around. But from a brand performance perspective, Cash Converters has enjoyed 25 year-on-year growth when even very well-run brands like Massmart have only seen 3 to 5. How. Its founded on how much stock we have to sell, and we never have a challenge selling because its advantageous to the consumer to buy something thats six months guaranteed and half the price theyd pay for it new.
The economics of the time also encourages people to look for better quality and South Africans know value when they see it. Similarly, PDAs are up 30 because people need cash.
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