HomeChoice delivers strong results despite strain on customers

JOHANNESBURG - HomeChoice International delivered strong annual results, despite strain on consumers.

Earnings were up by more than 7 percent.

The group offers financial services and retail products to over 2 million customers in South Africa.

Nearly  R5 billion in loans were disbursed, but with the tightening of credit policy, they attracted customers that could meet their debt obligations.

CEO Sean Wibberley says the middle income market tend to struggle the most in a high inflation environment, and criteria had to be adjusted accordingly.