CreditDotCoZaa

22/07/2021

First Quarter Credit Bureau Monitor: First Quarter 2021
This edition covers the period from the quarter ended March 2017
to March 2021, and is based on data held by registered credit
bureaus in terms of the National Credit Act No 34 of 2005.
Visit https://www.ncr.org.za/.../publ.../credit-bureau-monitor-cbm for the full report.

16/07/2021

The Consumer Credit Market Report for the 1st Quarter March 2021 is out.
The total value of new credit granted decreased from R154.42 billion to R138.81 billion for the quarter ended March 2021, a decrease of 10.11% when compared to the previous quarter and an increase of 9.86% year on year.
The following were some of the most significant trends observed for the quarter ended March 2021:
• The value of mortgages granted decreased by 13.40% quarter-on-quarter from R62.66 billion to R54.27 billion;
• Secured credit granted decreased from R47.51 billion for December 2020 to R40.95 billion for March 2021 (a quarter-on-quarter decrease of 13.82%);
• Unsecured credit agreements decreased from R22.82 billion to R20.13 billion for March 2021 (a quarter-on-quarter decrease of 11.77%);
• Credit facilities which consist mainly of credit cards, store cards and bank overdrafts increased from R17.74 billion to R19.66 billion for March 2021 (a quarter-on-quarter increase of 10.78%);
• Short-term credit showed a quarter-on-quarter decrease of 6.42% from R2.11 billion to R1.97 billion;
• Developmental credit showed a quarter-on-quarter increase of 16.61% from R1.57 billion to R1.83 billion.

The NCR is tasked with the registration of credit providers, credit bureaux and debt counselors; and enforcement of compliance with the Act.

28/08/2020

The latest TransUnion Financial hardship survey is out see

20/07/2020

Th Financial Hardship report South Africa Wave 5

22/06/2020

Financial hardship study continues with some sobering insights

21/05/2020

COVID 19 Financial Hardship survey KEY Takeaways from week 3
The proportion of South Africans whose household income has been negatively impacted by the COVID-19 pandemic has been largely stable over the course of this study. Eighty-two percent of consumers stated they were impacted in week three, which was a slight increase compared to the prior week.
• Among impacted consumers, job loss as a result of the COVID-19 pandemic has increased significantly since the survey started, with Millennials most affected.
• More than a third of impacted consumers have cancelled subscriptions or memberships and nearly a third have cancelled or reduced digital services due to household budget constraints.
• The amount that consumers expect to be short in the near future increased by 7%, or nearly R500, to - R7,500 in week three.
• There has been a significant increase in impacted consumers implementing payment holidays provided by loan providers since the survey started, indicating that consumer and lender communication has intensified.

01/05/2020

09/05/2019

Let us help you with your credit journey with our new credit check website, giving you your latest credit report whenever you need it EASY!.

12/03/2018