The National Credit Regulator’s Bongani Gwexe talks to Business Day TV about the country’s financial wellbeing
07 October 2020 - 11:15
byBusiness Day TV
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Consumers have been finding themselves under pressure for some time as their salary increases have not been keeping up with the cost of living. Picture: 123RF/DEAN DROBOT
The rejection rate for credit applications hit a record high during lockdown, according to data from the National Credit Regulator.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
WATCH: Why credit applications are being rejected
The National Credit Regulator’s Bongani Gwexe talks to Business Day TV about the country’s financial wellbeing
The rejection rate for credit applications hit a record high during lockdown, according to data from the National Credit Regulator.
Business Day TV spoke to Bongani Gwexe, supervisor for statistics and research at the National Credit Regulator, for his take on what this suggests about the financial wellness of SA’s consumer base.
National Credit Regulator's Bongani Gwexe talks to Business Day TV about how the country's financial wellbeing
Data on borrowing signals desperation as rejection rate hits highest on record
Covid-19 is making it hard time to gauge deal valuations, says Prosus
Basa MD rejects accusations banks have done too little in pandemic
Flexible online payment options boost sales and improve trust
BONGIWE KUNENE: Banks must balance supporting clients and ensuring financial stability
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most Read
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.