ABU DHABI / WAM The Ministry of Energy and Infrastructure (MoEI) organised the third edition …
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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