SA consumers live it up with debt

Jul 2, 2015

The latest information on consumers’ credit behaviour, released by credit bureau Compuscan, reveals that many a South African consumer is struggling to keep up financially with the lifestyle that they are buying into. In many cases, there has been a quarter-on-quarter increase in the number of accounts with adverse enforcement status codes (which indicate that accounts have been handed over, assets have been repossessed, accounts have been written off or facilities/ credit cards have been revoked as a result of non-payment).

Old Mutual launches debt education tool

May 7, 2015

Old Mutual has launched an online, interactive version of its successful On the Money financial education programme, aimed at helping educate South Africans on debt reduction and wealth creation.John Manyike, head of financial education at Old Mutual, says, “This...

Women take charge of their credit woes

Aug 12, 2014

Women are increasingly taking charge of their finances, and are more pro-active in sorting out their credit and financial woes. The recently released annual results of the office of the Credit Ombud show that 47% of complainants who sought assistance in 2013 were...

Debt stress continues to improve

May 30, 2014

Debt stress amongst businesses continued to fall in Q1 2014, marking a third consecutive quarter of improvement, according to the Experian Business Debt Indext (BDI). This was despite the fact that the domestic economy appeared to be severely negatively affected by...

Debt stress continues to fall among SA firms

Feb 13, 2014

Overall, South African businesses are less stressed by debt than previously. Experian SA and Econometrix today launched South Africa’s first ever Business Debt Index (BDI), a benchmark for the interpretation of the state of business’s debt-paying abilities. The...