SA’s economic trouble | More consumers defaulting on credit payments

JOHANNESBURG - It's getting more difficult to secure loans.

Lenders are tightening requirements as more people default on payments.

This is according to the Eighty20 2023 quarter-four Credit Stress Report.

New loans among 'Heavy Hitters' and 'Comfortable Retirees' have also decreased significantly.

We speak to Eighty20 Director Andrew Fulton about this.