As South Africa commemorates Youth Day this Sunday, June 16th, the spotlight falls on the financial health of young consumers and their ability to leverage credit as a tool for empowerment. Experian's Consumer Default Index (CDIx) for Q1 2024 reveals a complex picture for young South Africans, highlighting the need for both increased access to responsible credit and enhanced financial literacy. The Index by the Global Credit Bureau measures the rolling default behaviour of South African consumers with Home Loans, Vehicle Loans, Personal Loan, Credit Card, and Retail Loan accounts.

Thami Ngubeni spoke to Jaco van Jaarsveldt, Experian's Head of Commercial Strategy and Innovation joins us on the line.