More defaults on the horizon
Eighty20’s Credit Stress Report shows a 4% QoQ increase in overdue balances on Vehicle Asset Finance, leading to a 35%… Read More
More defaults on the horizon
Credit Stress Report
Less Volume, More Value
The number loans held by South African consumers has dropped more than 30% over the past four years, and continued… Read More
South Africa’s debt burden
According to the 2022 budget, the revised estimate of the 2021/22 GDP of South Africa is R6.3trn. Government debt has… Read More
Unsecured goes unpaid
In South Africa in 2021Q3, 9.4% of total loan balances were overdue, up from 8.8% in 2021Q2. More than 50%… Read More
The Defaulting Youth
The trend of dramatic growth in defaulters for the age group 18-24 that was seen prior to 2021Q1 has plateaued… Read More
Retailers Need Rescuing
The 2021Q3 Credit Stress Report showed that the civil unrest experienced in July, combined with the impact of the adjusted… Read More