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Wealthy South Africans are buckling under the pressure vehicle debt

Summary by Ground News

The number of credit-active South Africans who earn more than R60K per month increased by 4% in the first quarter of 2021. The number of wealthy defaulters increased 8% quarter-on-quarter, according to Eighty20’s Credit Stress Report 2021 Q1. Almost one in three are delinquent on a car loan.

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Wealthy South Africans are buckling under the pressure vehicle debt

The number of "credit active" South Africans who earn more than R60K per month is up. But so are the number of wealthy defaulters.

4 years ago

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CapeTalk broke the news in 4 years ago on Wednesday, June 23, 2021.

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