The cheque was in the mail….
The number of loans that defaulted in Q4 remained roughly the same as in Q3 (1.3M). However, the number of… Read More
The cheque was in the mail….
Credit Stress Report
Unpaid Debt
In 2020 the value of overdue balances increased by over R33bn (18% of total overdue). R10bn of this increase occurred… Read More
Growth, somewhere
The South African agricultural sector performed well during 2020 due to its essential service status and decent crop yields. This… Read More
Reduced Retailing
The number of retail accounts dropped by more than a quarter of a million in Q4 YoY, driven by a… Read More
Overdue Balancing Act
In the latest quarter, the overdue balances of those earning R20k+ has deteriorated fastest, with an increase of over R13bn… Read More
2021 Concerns
The South African economy is expected to contract by almost 8% YoY. Real GDP growth forecasts for 2021 range from… Read More