Nearly half of South African(SA) adults are reportedly borrowing money to afford groceries. This is according to FinMark Trust's latest study, the FinScope Consumer South Africa report. The survey results found 40% of consumers are using credit for household necessities, while two out of five individuals have gone without electricity in the past 12 months, due to a lack of affordability.

For more on the statistics, Thami Ngubeni spoke to Lesego Mashigo, head of Financial Inclusion, South Africa at FinMark Trust.

Nearly half of South African(SA) adults are reportedly borrowing money to afford groceries. This is according to FinMark Trust's latest study, the FinScope Consumer South Africa report. The survey results found 40% of consumers are using credit for household necessities, while two out of five individuals have gone without electricity in the past 12 months, due to a lack of affordability.
For more on the statistics, Thami Ngubeni spoke to Lesego Mashigo, head of Financial Inclusion, South Africa at FinMark Trust.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

Nearly half of SA adults borrowing money to afford groceries: Survey

Thanda Sithole, Senior Economist at FNB, unpacks South Africa’s Gross Domestic Product (GDP) as well as the latest mining and manufacturing data.

Thanda Sithole, Senior Economist at FNB, unpacks South Africa&rsquo;s Gross Domestic Product (GDP) as well as the latest mining and manufacturing data.

Latest market developments with Thanda Sithole, Senior Economist at FNB

Money laundering and the financing of terrorism remain pressing concerns in the Southern African Development Community (SADC) region, prompting member states to intensify efforts to safeguard financial systems. Central banks across the region have responded by establishing bilateral and multilateral agreements to enhance regional financial integration, strengthen payment systems and advance monetary stability.


In a recent development, the Bank of Namibia and the South African Reserve Bank (SARB) have signed a revised Memorandum of Understanding (MoU) aimed at strengthening institutional cooperation between the two central banks. The updated agreement will support closer collaboration in areas such as financial surveillance, regulatory frameworks, payment systems, and cross‑border financial stability.


Thami Ngubeni spoke to Yolanda Vatsha, Spokesperson for the South African Reserve Bank.

Money laundering and the financing of terrorism remain pressing concerns in the Southern African Development Community (SADC) region, prompting member states to intensify efforts to safeguard financial systems. Central banks across the region have responded by establishing bilateral and multilateral agreements to enhance regional financial integration, strengthen payment systems and advance monetary stability.
 In a recent development, the Bank of Namibia and the South African Reserve Bank (SARB) have signed a revised Memorandum of Understanding (MoU) aimed at strengthening institutional cooperation between the two central banks. The updated agreement will support closer collaboration in areas such as financial surveillance, regulatory frameworks, payment systems, and cross‑border financial stability.
 Thami Ngubeni spoke to Yolanda Vatsha, Spokesperson for the South African Reserve Bank.

Bank of Namibia and SARB sign revised MoU to strengthen institutional cooperation

South African President Cyril Ramaphosa is in Brazil for a state visit, where he will meet his counterpart, President Luiz Inácio Lula da Silva. The visit aims to strengthen diplomatic and political ties while boosting economic and commercial relations. Brazil, Latin America’s largest economy, remains a key strategic partner for South Africa as it works to expand trade, investment and cooperation across multiple sectors.


Thami Ngubeni spoke to Thembisa Fakude, Senior Researcher and Director at Afrasid.

South African President Cyril Ramaphosa is in Brazil for a state visit, where he will meet his counterpart, President Luiz In&aacute;cio Lula da Silva. The visit aims to strengthen diplomatic and political ties while boosting economic and commercial relations. Brazil, Latin America&rsquo;s largest economy, remains a key strategic partner for South Africa as it works to expand trade, investment and cooperation across multiple sectors.
 Thami Ngubeni spoke to Thembisa Fakude, Senior Researcher and Director at Afrasid.

Nearly half of SA adults borrowing money to afford groceries: Survey

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