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Home loan defaults drop, but pressure builds elsewhere

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Stephen Grootes speaks to Jaco van Jaarsveldt, Chief of Strategy and Innovation at Experian Africa, about shifting consumer credit behaviour in South Africa, as new data shows households increasingly prioritising home loan repayments, with mortgage defaults improving sharply to a two-year low. While the overall default rate has declined, the data points to rising pressure beneath the surface, with retail loan defaults worsening and more consumers particularly in higher-income brackets leaning on credit cards and personal loans to manage day-to-day expenses, highlighting a more complex and strained credit environment despite signs of recovery.

 

The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.  
  
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