Fact-A-Day Archive

Go on, have a braai

Fact: #

27% of adults in South Africa (9.6 million adults) have a braai on a weekly or monthly basis. Braaing is… Read More

Credit where it’s due?

Fact: #

Total credit granted increased by 5.6% per annum from R214.6 billion in 2008 to R252.6 billion in 2011. (Eighty20 Credit… Read More

Bubble?

Fact: #

In 2008, unsecured loans made up 10% of the total value of loans granted in that year, in 2011 they… Read More

One in four

Fact: #

A quarter of micro loans granted in 2011 Q4 went to borrowers who are impaired. (Eighty20 Credit Bubble Report 2012,… Read More

Indebted

Fact: #

There have been 289,280 debt review applications since the introduction of debt counselling by the NCA in 2007. Of these,… Read More

Debt

Fact: #

As at 2012 Q1, total outstanding consumer credit amounted to R1.32 trillion, 60% of which was mortgage debt. (Eighty20 Credit… Read More

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