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Barclays Africa hit by bond arrears – Business Day

Barclays Africa hit by bond arrears – Business Day

Barclays Africa, whose Absa bank is SA’s second-largest retail home loan provider, has reported a 77% surge in soured home loans – the first large bank to put a number on rising mortgage arrears as high interest rates make it increasingly difficult for households to afford their loan repayments. Meyrick Barker comments.
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