Number of bad debt cases drops

It appears that South Africans are not up to their eyeballs in debt as various credit retailers have recently warned. Statistics South Africa's data on the number of civil summonses issued for debt showed 121986 cases during the first quarter, a 6percent drop from the same period last year. The number of civil judgments recorded for debt dropped 25 percent to 60826 . - Staff Reporter

It appears that South Africans are not up to their eyeballs in debt as various credit retailers have recently warned. Statistics South Africa's data on the number of civil summonses issued for debt showed 121986 cases during the first quarter, a 6percent drop from the same period last year. The number of civil judgments recorded for debt dropped 25 percent to 60826 . - Staff Reporter

X