Many consumers are unaware that debt counselling is an option if debt spirals out of control - Credit Stress Report
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GUEST – Andrew Fulton, Director at Eighty20.
With the festive season upon us, economic indicators in South Africa are shining brighter than in many years, signaling renewed consumer confidence and potential growth in retail spending. Improved economic trends such as declining inflation rates, and improved employment numbers have contributed to a more optimistic environment for businesses and consumers alike. Additionally, there have been two repo rate cuts, personal default rates continue to drop, and 260 days and counting with no rolling blackouts. On top of that, the two-pot retirement system has put more than R35bn rand into people’s pockets.
With the festive season upon us, economic indicators in South Africa are shining brighter than in many years, signaling renewed consumer confidence and potential growth in retail spending. Improved economic trends such as declining inflation rates, and improved employment numbers have contributed to a more optimistic environment for businesses and consumers alike. Additionally, there have been two repo rate cuts, personal default rates continue to drop, and 260 days and counting with no rolling blackouts. On top of that, the two-pot retirement system has put more than R35bn rand into people’s pockets.
