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The “Business Cycle” refers to the fluctuations in economic activity that an economy experiences over a period of time. It consists of periods of economic expansions (growth) and contractions (recession) and is measured using the rise and fall in gross domestic product (GDP). In South Africa, the business cycle is monitored by the South African Reserve Bank.
A practical guide to identifying and avoiding loan scams in South Africa, including the most common red flags, how to verify a lender, and what to do if you have been targeted.
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Before taking a payday loan, consider these practical alternatives available in South Africa that may cost less and put less pressure on your budget.
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