Life in Plastic

Life in Plastic

Eighty20 measures the Rate of New Defaults (RND), which is the proportion of current loan balances that went into default during the quarter. The Rate of New Defaults for credit card loans has grown by around 20% YoY in 2022Q4.

For more insights on the impact of the economy on South African consumers, download the latest Eighty20 Credit Stress Report

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