Guest: Priven Moodley | Head Of Credit Risk Solutions at TransUnion South Africa
South African consumers can’t resist a good deal.
According to TransUnion data, that indicates consumers who open new credit facilities during the Black Friday period every year end up spending more than consumers with existing accounts – up to R10,000 more, in the case of credit cards. Wasanga is joined by Priven Moodley, Head of credit risk solutions at TransUnion South Africa to talk about how Black Friday deals/promotions increase consumer credit usage.