ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and ...
Read More »Shoprite fined for reckless lending, as rule toughens up
Bloomberg Shoprite Holdings Ltd. has been found guilty of reckless lending after a South African regulator ruled that the continent’s largest supermarket chain hasn’t been properly assessing shoppers before extending credit. The retailer was fined 1 million rand ($77,425), the National Credit Regulator said in an emailed statement on Wednesday. Among other discrepancies, the Cape Town-based company took into account ...
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