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Here’s how much money the average South African owes on their car and house Subscribe TransUnion, a consumer credit reporting agency, has published the findings of its Q3 2020 South Africa Industry Insights Report. The results show the ongoing impact of Covid-19 on the consumer credit market and the difficult decisions some consumers have to make to balance their household finances. Although the latest data primarily relates to a period when Covid-19 measures were less stringent than during the initial lockdowns seen earlier in the year, there was still a fall in consumer demand. Application volumes declined as consumer confidence remained low, with a reduced appetite for new credit reflecting increased unemployment and high levels of financial hardship.

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