Last week, the Ombudsman for Banking Services (OBS) reported that it is continuing to receive complaints on a daily basis from consumers who were deceived into providing their confidential banking information to fraudsters. According to OBS, the Covid-19 Pandemic has been a major global disrupter. This is now echoed by the just-released TransUnion report. It’s […]
“South Africa’s consumer credit market remains subdued as the pandemic continues to impact household finances,” according to the TransUnion’s Q4 2020 South Africa Industry Insights Report. This in the midst of the just-released StatsSA data that indicates that more than 500,000 people lost their jobs between December 2019 and December 2020 when the country underwent […]
The latest TransUnion’s Industry Insights Report found that unsecured credit products, including credit cards and personal loans, which are typically used to fund household expenses and smaller ticket purchases, saw a significant year on year growth in Quarter 1 of 2019: Credit card balances grew by 6.6% Year on year Bank personal loans and non-bank […]
