Increased credit stress crippling even the wealthiest
Loading player...
GUEST - Andrew Fulton, Director at Eighty20.
Economic conditions leaves both struggling and wealthy South Africans spiralling into debt As South Africans began 2023 experiencing a quarter of every day without electricity, coupled with rising interest rates and a weakening currency, it seems the significant pressure consumers were feeling at the end of last year has only escalated. Eighty20, a consumer strategy, analytics and research company has released its 2023 Q1 Credit Stress Report in collaboration with Xpert Decision Systems (XDS). The report unpacks the credit behaviour of four Eighty20 National Segmentation (ENS) consumer segments that make up 78% of all credit active South Africans and 92% of all loan value. These segments are Mothers of the Nation, the Mass Credit Market, Middle Class Workers, and the Heavy Hitters.
Economic conditions leaves both struggling and wealthy South Africans spiralling into debt As South Africans began 2023 experiencing a quarter of every day without electricity, coupled with rising interest rates and a weakening currency, it seems the significant pressure consumers were feeling at the end of last year has only escalated. Eighty20, a consumer strategy, analytics and research company has released its 2023 Q1 Credit Stress Report in collaboration with Xpert Decision Systems (XDS). The report unpacks the credit behaviour of four Eighty20 National Segmentation (ENS) consumer segments that make up 78% of all credit active South Africans and 92% of all loan value. These segments are Mothers of the Nation, the Mass Credit Market, Middle Class Workers, and the Heavy Hitters.
