Reduced Retailing
The number of retail accounts dropped by more than a quarter of a million in Q4 YoY, driven by a… Read More
Reduced Retailing
Credit Stress Report
Overdue Balancing Act
In the latest quarter, the overdue balances of those earning R20k+ has deteriorated fastest, with an increase of over R13bn… Read More
2021 Concerns
The South African economy is expected to contract by almost 8% YoY. Real GDP growth forecasts for 2021 range from… Read More
The young and the defaulting
Quarter Four 2020 saw a 14% year on year increase in 18-24 year olds defaulting on their credit. All other… Read More
Get it on Credit
As of 2020 Q4, 62% of credit account loans are in good standing compared to only 40% in Q3. However,… Read More
For Closure?
2020 saw overdue balances on mortgages increase by 98%, from R6bn to R12bn. In contrast, the current loan balance only… Read More