This quarter saw particularly strong growth in the proportion of defaulters among the wealthy. The proportion of credit active consumers earning more than R60,000 per month who are in default increased by 8% QoQ. Vehicle Finance suffered in particular; nearly 1 in 3 people in this segment who are in default are delinquent on a car loan.
Read more in The Eighty20/XDS 2021Q1 Credit Stress Report: https://www.eighty20.co.za/credit-stress-report/