FGL's been getting hammered but the micro-lending model is actually structural, not cyclical like people th…by @julianreins_jse on $FGL

FGL's been getting hammered but the micro-lending model is actually structural, not cyclical like people think. Look at the impairment charges in the last MD&A, yeah they're bad, but loan book's still turning over. Problem is the rand weakness kills margins on dollar debt and load-shedding's crushing their collections.