Interesting numbers on the last set, credit impairment ratio came in around 8.5% which is manageable for th…by @nico_the_analyst on $FGL

Interesting numbers on the last set, credit impairment ratio came in around 8.5% which is manageable for the micro-lending space but worth watching if economic stress picks up. At R1.02 you're getting a decent entry if you believe the rand weakness helps repayments and load-shedding doesn't hammer the consumer further. Could be wrong but the thesis holds if they stick to their core book and don't get too aggressive chasing growth through dodgy lending.