February 23, 2012

FirstRand CEO Nxasana Focusing on Unsecured Loans as Companies Hoard Cash

“South African loans are focused on unsecured lending,” Nxasana said in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland today. South African companies are sitting on “a lot of cash,” he said.

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FirstRand CEO Nxasana Focusing on Unsecured Loans as Companies Hoard Cash