Local investment app Franc earlier this year reported that there were around 22.5 million credit-active South Africans., Massmart Marketing Vice President, says a healthy credit score is a powerful financial tool that can influence everything from the interest rates South Africans receive on loans to their ability to secure a home loan, finance a car, or even kick-start a business.
The solution also allows South Africans to access up to 3% back on their purchases in Makro vouchers. “It’s important to understand the difference between your needs and wants and limit spending on non-essentials to keep your finances under control.” “Regularly reading financial wellness articles and engaging with content that helps you improve your financial skills and understanding is another crucial step to achieving responsible, consistent and smart credit management.”Retail credit accounts enable consumers to maximise the value they can get from their accounts.