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KZN woman attempts suicide after 'mashonisa' hikes interest to 400%

Summary by The South African
A woman attempted take her own life in Phoenix, north of Durban, on Monday, 11 August 2025, after an unscrupulous mashonisa – a loan shark – unexpectedly increased the interest rate. Initially, the interest rate was 50%; however, the loan shark increased it to 400%. The loan shark demanded R100 000 in payback for a R20 000 loan. WOMAN ATTEMPTS SUICIDE AFTER LOAN SHARK INCREASES INTEREST According to Reaction Unit South Africa (RUSA), the woman’s…

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The South AfricanThe South African
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KZN woman attempts suicide after 'mashonisa' hikes interest to 400%

A woman attempted take her own life in Phoenix, north of Durban, on Monday, 11 August 2025, after an unscrupulous mashonisa – a loan shark – unexpectedly increased the interest rate. Initially, the interest rate was 50%; however, the loan shark increased it to 400%. The loan shark demanded R100 000 in payback for a R20 000 loan. WOMAN ATTEMPTS SUICIDE AFTER LOAN SHARK INCREASES INTEREST According to Reaction Unit South Africa (RUSA), the woman’s…

·Johannesburg, South Africa
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The South African broke the news in Johannesburg, South Africa on Tuesday, August 12, 2025.
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