Consumers rely more and more on credit to survive
Survey shows large-ticket purchases such as cars and homes are dwindling owing to economic uncertainty
25 June 2019 - 16:41
Consumers are increasingly relying on their credit cards and personal loans for daily survival, the latest statistics from one of the major credit bureaus reveal.
Rising unemployment, increased fuel and electricity costs and salaries that are falling substantially behind inflation are factors putting pressure on South Africans, according to the latest TransUnion SA Industry Insights Report...
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