Discussion | Cost of Living Crisis | The rich getting involved in hardcore pawn

JOHANNESBURG - Everyone is susceptible to the hard times, even the rich.

The country's elite are now turning to pawning their luxury items to unlock their wealth.

Lamna Finance says Around 28 percent of the loans it gives out are secured against luxury watches, cars and art.

READ: SA's Economic Trouble | Salaries sink in April

It says Pawnbroking has offered wealthy clients an effective plan when their cash flow is a little thin.

CEO of Lamna Finance, Charles Meyerowitz had a conversation with the eNCA.