Short-term credit extension was under pressure in the third quarter 2021 as Covid-19, unemployment and prices take their toll on the most vulnerable segments of SA’s population.
Altron Fintech’s Short-term Credit Impact survey declined five points to 91 in the third quarter of 2021, when the book value of total consumer credit extended rose 1.2% to R2.08-trillion, but short-term lending portion of this market fell 5.5%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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