Credit card debt in SA soars
06 November 2015 - 02:28
The total balance on consumer credit cards in South Africa has risen above R115-billion for the first time in three years, research company Experian SA saysl. The average credit card user owes more than R12000 and the trend indicates an increasing reliance on credit to fund the rising cost of living, including paying for food, transport, water and electricity, Experian says.According to a recent World Bank survey, South Africans had more debt than any other nation: 86% of the population. ..
There’s never been a more important time to support independent media.
From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.
For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.
Already subscribed? Sign in below.
Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.