The Road to Debt

The Road to Debt

Eighty20’s Credit Stress Report identified a 32% YoY increase in overdue Vehicle Asset Finance (VAF) balances, with a 17% QoQ increase this quarter alone. This is particularly concerning given that VAF accounts for ~25% of all loans in South Africa, with an outstanding balance of R500 billion.
(https://www.eighty20.co.za/credit-stress-report/)

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