Debt-strapped citizens are taking short term loans to ‘balance’ cash flow as wages fail to keep up with the cost of living
Writing off debts of the poor, as laid out in a Bill before Parliament, may take up to seven years
A slower pace of credit extension has been observed for all credit types, the National Credit Regulator said on Thursday.
Credit amnesty has mixed results, with some managing their debt better and others failing to repay home loans, vehicle loans and credit cards.
Report reveals that consumers’ financial vulnerability is growing more acute.
Massmart chief executive Grant Pattison says consumer spending has stagnated, while debt levels have increased.
Increasing consumer stress and slow growth have prompted a more careful approach to lending.
Uncertainty has become a way of life for businesses eyeing Zimbabwe’s consumer boom. Jason Moyo reports.
Banks have expanded and are entering the highly profitable market of credit with care, or so they claim.
The consumer commissioner and her staff are battle-ready and prepared to fight the good fight.
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/ 24 December 2011
South Africans are spending less on food and health care compared to the last two years, said debit and credit card distributor Sureswipe on Friday.
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/ 27 September 2011
Consumers are focusing on paying off their debt and there has been a marked shift away from credit cards and overdraft facilities.
Job creation is needed to create "new" consumers, so economic activity is boosted without an increase in household debt.
Consumer credit granted has increased 31.2%, a report by the National Credit Regulator has shown, but credit applications have decreased by 3%.