READER LETTER | Finance sector oppresses blacks

  • 📰 SABreakingNews
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

South Africa News News

READER 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.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 41. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines