Panic at the Payment Desk
South Africans are increasingly under credit stress. According to Eighty20’s latest Credit Stress Report, the number of loans in arrears increased by over 250,000 in 2023Q1 to 19m. Moreover, loans that are 30 to 90 days in arrears went up QoQ by 8% and went up YoY by 13%.
For more insights on the impact of the economy on South African consumers, download the latest Eighty20 Credit Stress Report