New data from consumer credit reporting agency TransUnion shows that consumer demand for credit is surging, in spite of the second lowest consumer confidence levels in three decades, rising inflationary pressure and a high-interest rate environment.
Annual consumer inflation reached a 13-year high in South Africa, increasing to 7,8% in July, StatsSA data showed, leaving consumers in a vulnerable position financially amid the soaring cost of living.
New car prices continue to lag inflation, while used cars continue their trend of getting relatively more expensive, data from consumer credit reporting agency TransUnion shows.
South Africa’s automotive industry continued its recovery in the second quarter of the year, with the number of deals hitting levels last seen before the Covid pandemic struck, said consumer credit reporting agency TransUnion.
More than half of South African consumers (56%) say they will not be able to pay at least one of their current bills and loans in the next three months, according to research conducted by TransUnion in late May and…
The recent steep hike of 75 basis points in the South African Reserve Bank’s repurchase rate and subsequent rise in the prime lending rate to 9% is significant for consumers and the remainder of this year will be tough for…
The latest data from the Old Mutual Savings and Investment Monitor survey (OMSIM) shows that more South African households are choosing to do without a domestic worker to save money each month.
Consumer credit reporting agency, TransUnion's latest industry insights reports indicate that the market remains in a mixed recovery growth phase with continuing economic pressures that may hinder the pace of recovery in South Africa.
A new report shows notable increases in unsecured lending originations - which measure new accounts opened and is a function of both consumer demand and lender willingness to advance credit- indicating a renewed demand for credit by consumers.
New data from consumer credit reporting agency TransUnion shows that it is cheaper to buy a new car in South Africa right now - despite a multitude of global and local factors placing pressure on the sector and consumers.