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Mounting credit stress pushes wealthiest South Africans to the brink

Home loans are causing significant pain for consumers with a steep 27% year on year increase in average mortgage instalments due largely to rising interest rates

South africaSouth africansSouth africanAndrew fultonSyndigate media incStress reportXpert decision systemsRetail sales indexSyndigate media

Mounting credit stress pushes wealthiest South Africans to the brink

One of South Africa s largest private higher education institutions, Eduvos, is still accepting pre-enrolment for 2024.

South africaSouth africansSouth africanAndrew fultonStress reportXpert decision systemsRetail sales index

Even the rich buckling under credit stress

When even wealthy consumers start to feel the pinch of higher interest rates, it is reason for less well-off people to watch their spending.

South africaSouth africanSouth africansAndrew fultonNational segmentationStress reportXpert decision systemsMass credit marketMiddle class workersHeavy hittersComfortable retireesHeavy hitterMiddle class workerMiddle classHustling males

Appetite surges for retail credit, but data points to a worrying trend

With Covid-19, came a flood of new telehealth (virtual consulting) healthcare solutions, exposing more patients to its benefits and features.

South africaSouth africanSouth africansDmitrii shironosovAndrew fultonStress reportXpert decision systemsNew defaultsExpert decision

South Africans enter the new year weighed down by finan

After a year of rocketing inflation and rising interest rates, South Africans head into 2023 bogged down by financial baggage that includes higher debt levels.

South africaSouth africanAndrew fultonTransunion africaWeihan sunLara hodesLesetja kganyagoAfrican reserve bankSa reserve bankInvestec bankMonetary policy committeeCredit stress reportXpert decision systemsDaily maverickSouth african reserve bank

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