A House of Defaults
According to Eighty20’s latest Credit Stress Report, the Heavy Hitters ENS segment saw a YoY increase of 61% in the rate of new defaults (RND) for home loans for 2023 Q2. Currently, this segment holds more than 75% of all mortgages by value.
For more insights on the impact of the economy on South African consumers, download the latest Eighty20 Credit Stress Report