Discussion | Cost of living | South Africans pushed to credit cards

JOHANNESBURG - South Africa’s escalating cost of living crisis is exerting significant pressure on consumers, forcing many to rely on credit cards.

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Standard Bank has observed a striking 52% increase in new credit card applications, through to the end of August this year.

To shed light on these trends,Tumelo Ramugondo, Standard Bank’s Head of Credit spoke to eNCA.