Covid puts the breaks on new debt

For the past five years, the number of retail account holders in South Africa has increased each quarter. Lockdown put an end to that run; the number of retail account holders reduced from 13.8M in Q1 2020 to 13.7M in Q2. During the same time the overdue balance on retail accounts increased by R1.5 billion. Read more in The Eighty20/XDS 2020Q2 Credit Stress Report out this week.

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