Survey reveals South Africans are turning to mashonisas for survival
As South Africa’s cost-of-living crisis deepens, rising reliance on credit is driving some people to borrow from informal lenders, commonly known as mashonisas or loan sharks, to get through the month. A short-term lender’s annual credit utilisation survey found that 41% of respondents use credit every month for essentials like groceries, transport and electricity.
