Here’s how much money the average person in South Africa owes on their credit card
Credit reporting agency TransUnion has published its Consumer Credit Trends report for 2020, detailing how the country’s coronavirus lockdown has impacted the finances of the average South African citizen. With a fall in GDP and the associated rise in unemployment, consumers have had to prioritise their personal finances to cope with the dramatic effects of the pandemic, TransUnion said. “As the crisis progressed, the number of consumers seeking credit—observed by […]