Consumers in South Africa hold approximately R 2tn in current and overdue debt. R 1tn of this can be linked to consumers employed in identifiable sectors. Consumers employed in the Mining Sector hold approximately 7% of this R 1tn, while their counterparts in the Construction Sector hold around 4% of the R 1tn. With many of these consumers unable to work during the lockdown, it is likely that a portion of this debt will go into default. (XDS Credit Data, 2019 Q4)
Read more interesting information on COVID-19 and the consumer here.
Read more interesting information on the Eighty20 Credit Stress Report here.