Are SA’s banks facing a bad-debt crunch, with customers who’ve been retrenched during Covid-19 defaulting on what they owe?

Given that 26.9-million South Africans owe R1.96-trillion, it’s a question that has bankers on edge, as experts believe only half of the 2.2-million people who lost their jobs in recent months will regain them...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now