Approximately 120 000 new credit active consumers debuted on the credit bureaus in South Africa during the first quarter of 2021. Still wary from job losses and income shocks, credit bureaus report a 5.38m decrease in the number of accounts from over 90m the previous quarter – more credit active consumers with fewer accounts.
Collectively credit bureaus hold records on 27.53m credit active consumers profiling their 85.09m credit agreements with consumers having borrowed R2.04tr from our credit providers.
How has the pandemic shaped our need for and access to credit?