Tag Archive: africa

Credit Regulator Reports: Nearly 10 Million in SA Have Impaired Credit Rating

South Africans are drowning in debt. Of the 24.25 million credit active consumers, a staggering 9.85 million are unable to pay back what they owe to banks, retailers and telecoms providers. This means more than 40 percent of South Africans who have bank loans, credit cards and retail accounts are in financial trouble. NCR statistics…