Credit Stress Report 2021 Q4 is out
In December SA experienced the “cruel and racist logic of Omicron travel bans” when wealthy nations restricted travel to SA after our scientists identified the new Covid variant. While the impact of the loss of a second tourist season will be felt longer term, 2021Q4 data showed the Middle Class sliding further into debt. VAF and credit cards most affected with overdue debt up 35% and 20% respectively YoY.
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