In the insurance industry, blacks also pay more for the same product. You can have a cheaper car compared to an expensive one owned by a white person, however a black person will still pay more premiums and excess than the white person.
Our problem is that when a black man has money, instead of opening companies, including financial services firms, they opt for a political party.
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READER LETTER | Finance sector oppresses blacksREADER LETTER | Finance sector oppresses blacks: The cash price of a car is on the board but when it comes to the banks financing the product, black people pay more interest because they are regarded as high risk.
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