Growth in the value of outstanding credit balances in the South African household sector (R1 660,9 billion) remained relatively stable in the first four months of 2019, recorded at 6% year-on-year (y/y) at the end of April this year.

Growth in the value of outstanding credit balances in the South African household sector.

The value of outstanding credit balances in the South African household sector increased by 5,9% year-on-year (y/y) to R1 653,3 billion up to the end of February 2019 (3,9% y/y at end-February 2018), with growth in total credit balances as well as secured and unsecured credit balances remaining unchanged from end-January. 

Mall of Africa is excited to announce that a new Pick n Pay store will open at the centre in the third quarter of this year.

Growth in the value of outstanding credit balances in the South African household sector, which amounted to R1 641,5 billion, increased further to 5,9% year-on-year (y/y) at end January from 5,7% y/y at end-December and 3,7% the end of January last year.

There’s death and taxes, and then there’s divorce and transfer duty. It would be be inaccurate to really compare the former to the latter, but one thing is for sure: Both need to be handled with care, sensitivity and sound advice.

No-one wants to default on their bond instalments or other account payments, but often in January and February, there just isn’t enough money to go around after a big holiday splurge in December.

Table Bay Mall celebrated its 1st anniversary on 28 September 2018. With 65,000m² of retail space, this world-class regional mall has, despite tough economic conditions, achieved turnover of more than R100m per month since it opened its doors; and continues to have an optimistic outlook for the coming years in the rapidly expanding Big Bay, Bloubergstrand and West Beach catchment areas.

Growth in the value of outstanding credit balances in the South African household sector was on a rising trend in the first seven months of 2018, with these balances amounting to a total of R1 587,5 billion at the end of this period.

Uptick in household credit and mortgage balances growth in the first half of 2018, while home loan repayment patterns were divergent across income categories in the twelve months up to mid-2018