Credit Cards in South Africa - New Study Released
With the South African economy in a period of recovery, the credit cards category saw growth rates approaching pre-2008 levels. For most of the review period, credit card growth was subdued, with debt levels at an all-time high. However, in the third quarter of 2012 official statistics were released indicating that the debt to income ratio was decreasing and that consumers had slightly more disposable income and thus access to credit. This has impacted positively on the credit card category,...
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