Share

Consumer credit health drops

Johannesburg - Consumers' credit health has deteriorated in the past quarter, the National Credit Regulator (NCR) said on Tuesday.

The number of consumers classified in good standing decreased by 76 000 to 10.55 million between the quarter ended June 2013 and the previous quarter, it said in a statement.

The number of impaired accounts increased from 17.52m to 18.31m compared to the previous quarter, an increase of 790 000.

Consumers with an impaired credit record equalled 47.5% of total credit active consumers.

There were currently 20.08m credit-active consumers.

NCR CEO Nomsa Motshegare said the increase in the levels of impairment was of concern. She encouraged consumers to monitor their credit health and to approach credit providers and debt counsellors for help.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.94
-0.2%
Rand - Pound
23.91
-0.1%
Rand - Euro
20.43
+0.2%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.2%
Platinum
910.50
+1.5%
Palladium
1,011.50
+1.0%
Gold
2,221.35
+1.2%
Silver
24.87
+0.9%
Brent-ruolie
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.8%
Resource 10
57,251
+2.8%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders