Transunion Consumer Pulse Study News Today

FINDINGS from the latest TransUnion Consumer Pulse Study held in the second quarter of 2023 showed that 41 percent of Filipinos were very concerned by the current rate of inflation — up 6 percentage points from the results of the previous quarter.Inflation can be defined as the rise in the price of goods and services. As inflation rises, governments and central banks across the world often increase their interest rates in response to try and tame inflation. Rate rises are designed to slow down...

But Financial Worries Shift Spending Habits

CREDIT is defined as the ability to obtain goods or services before payment, based on trust that payment will be made in the future. While it helps empower people to buy a house, a car, or start a business, having access to credit also comes with major responsibilities that need…

Rising interest rates and inflation are taking their toll on consumer debt levels, with DebtBusters reporting an increase of more than 30% in debt counselling inquiries year-on-year for the third quarter.

Our view on the business stories of the day.

Last year (remember 2019?), thanks to a wealth of stats from Careers24 and a growing global zeitgeist around female-focused career conferences, Danielle Weakley launched Go Hustle with a small team of equally committed hustlers at Media24...

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.



Struggling consumers will face greater financial pressure after the South African Reserve Bank announced on 21 July that interest rates would increase by 75 basis points, taking the repo rate to 5.5% and the prime lending rate to 9%.

Despite the country’s challenging customer market and predictions that repo and interest rates will remain on an upward curve, the digital retail bank is aiming to bolster its middle- and upper-middle-income customer base.

South African consumers are heavily over-indebted and likely to become more so, given that we are at the bottom of a rising interest rate cycle and salaries don’t appear to be keeping pace with inflation.