Next week, officers will be joined by the England Illegal Money Lending Team (IMLT), known as Stop Loan Sharks, as they look to clamp down on people operating in central areas of the city.
A recent study conducted by market research specialists, Ipsos, has revealed that South Africa has a R50 billion stokvel sector, made up of more than 800,000 stokvel groups and 11 million members.
Katie* tells us how she borrowed from a loan shark when she lost her job just before Christmas - and the effect it has had on her and her son's life. An email from Barclays seen by This is Money ...