South Africans are increasingly using debt to fund consumption, a worrying sign for lenders, which are increasingly selling loans to boost earnings to ward off competition from digital newcomers. 

Recent data from the Reserve Bank, TransUnion, SA Savings Institute and National Credit Regulator (NCR) raises a red flag about the rising size of debt shouldered by South Africans, the lack of household savings and the increasing number of people seeking debt counselling. 

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