CONSUMER DEBT
South African consumers are under huge financial pressure. Unemployment has been
rising steadily for years, and the COVID-19
lockdown made it soar. Household
disposable income decreased. Repayment holidays helped to ease the situation in Q3,
but it is likely to get worse in Q4.
Consumer Credit Index
52
50
Below 50 means people struggle to pay
48
46
44
42
40
Q4 ‘19 Q1 ’20 Q2 ‘20 Q3 ‘20
The CCI
(Consumer Credit Index), a measure
developed by TransUnion, is made up of credit
defaults, distressed borrowing, household cash
flow, and debt servicing costs.
Official Unemployment only counts
people who are actively seeking
Official Unemployment
employment.
Q4 2019
Q1 2020
Q2 2020
Q3 2020
23.3
29.1
30.1
30.8
%
%
%
%
Jobless
Jobless
Jobless
Jobless
Employed
Employed
Employed
Employed
69.9
69.2
70.9
76.7
%
%
%
%
Annual household disposable income
2.50
2.40
2.38
2.40
2.30
2.20
2.10
2.05
2.04
2.00
1.90
1.80
Q4 ‘19
Q1 ’20
Q2 ’20
Q3 ‘20
Estimated national household bank debt
Q4 2019
Q1 2020
Q2 2020
Q3 2020
20.0
25.0
27.4
27.0
%
%
%
%
72.6
73.0
75.0
80.0
%
%
%
%
Debt
Money left
Debt
Money left
Debt
Money left
Debt
Money left
© ZYLLEYN CC 2020
Sources
We can help with your credit and debt collection.
Call us on 021-762-4410, or visit us at www.Zylleyn.co.za