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Saving versus credit: It’s all about balance ?
Did you know that South Africa has an overall savings rate of only 3%, which is compounded by the changeable economic environment? Currently there are 25 million credit-active consumers, while household debt as a percentage of disposable income is at around 72%. This means that for every...
South African banks are granting more home loans
Bond originator BetterBond points to a 4% increase in the number of home loans granted in the country over the past 12 months, despite the number of home loan applications falling off by a similar percentage. “This increase is partly due to the fact that many home buyers...
7 things you need to know about managing your debt
When making lending decisions, credit providers assess a consumer’s debt portfolio in a number of ways to determine the credit risk. When making lending decisions, credit providers assess a consumer’s debt portfolio in a number of ways to determine the credit risk. These include amongst others, understanding the...