Credit report paints positive picture on consumer trends
Repo rate increases putting a strain on consumers’ repayment ability
Fresh out of university, Lwando* landed his first job as a graphic designer in 2012, earning about R22,000 a month – a lucrative income for a childless young man with parents who didn't bother him for black tax.
His income placed him at some level of comfort where he could buy his first car, rent an apartment in a beautiful suburb in Randburg, Johannesburg, go out with friends to nice restaurants or take his girlfriend to baecations in the Cape. ..
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
This article is free to read if you register or sign in.
If you have already registered or subscribed, please sign in to continue.
Questions or problems? Email helpdesk@sowetanlive.co.za or call 0860 52 52 00.