In 2022 South Africa has experienced multiple economic blows – floods in KwaZulu-Natal, rising interest rates and inflation, power shortages, and increasing fuel prices. The result is an expected 1.3% contraction in GDP for the second quarter. Despite this, GDP is expected to grow 0.4% and 0.6% in the third and fourth quarters respectively, and 2% in real terms over the whole year.

See how this impacts credit active consumers in South Africa with the Eighty20 Credit Stress Report