Cards Stay Mild, Debt Runs Wild

Cards Stay Mild, Debt Runs Wild

  • Fact: #2577
  • Growth

Total credit card loan balances for South Africans have grown by 6.5% year-over-year, reaching over a quarter of a trillion rand as of Q2 2024. This growth occurred despite only a 1% increase in the number of South Africans holding credit cards.

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