Consumer Default Index News Today

The oil price is again the main culprit behind the higher petrol price, while the Rand also depreciated against the US dollar.

The more affluent are increasingly depending on credit to cover their living expenses.

With South Africa’s education sector having been accused of being broken, parents and pupils need to be prepared and brace for the trends most likely to have an impact on education in the year ahead, writes Paul Esterhuizen.

More affluent consumers are battling to repay their home loans while surviving on credit to cover their cost of living expenses.

The app uses an interactive gamified experience to guides consumers on their journey to financial wellness.

Consumer confidence figures show a reluctance to purchase durable goods such as vehicles, furniture and household appliances.

Mariska Oosthuizen, Head of Brand at Sanlam Oosthuizen lists four tips on how you can South Africans navigate the festive season with confidence.

The SA Reserve Bank increased interest rates in the country by 75 basis points on Thursday, the biggest increase from a single monetary policy committee meeting since 2002. Analysts are predicting more monster hikes later this year.



The most affluent consumers in South Africa have the highest increasing default loan rate. Experian Consumer Default Index (CDI) statistics reveal a rapid increase in the rate of people who defaulted on their loans in the fourth quarter of 2021.

Credit bureau Experian has published new data showing how the pandemic and weaker economy has impacted affluent South Africans.