In 2024, South Africans submitted 70.8 million applications for credit. Lenders declined 47.5 million of them. Two out of every three, and that ratio has been climbing for most of two decades – at the end of 2007 it was closer to four in ten. Not all of that is a visibility problem. Plenty of […]
The transaction layer no one is talking about We tend to think about credit in South Africa through the lens of banks – mortgages, vehicle finance, large loans. But thatโs not where most of the activity is. Beneath that sits a far more active layer of the market: short-term loans, unsecured credit, and credit facilities. […]
For decades, credit in South Africa has been built almost entirely on ๐ฏ๐๐ฟ๐ฒ๐ฎ๐ ๐ฑ๐ฎ๐๐ฎ. And for decades, that meant millions of good, capable consumers were misunderstood, mispriced, or excluded โ not because they were risky, but because lenders could only see a thin sliver of their financial reality. But ๐๐ต๐ฒ ๐ถ๐ป๐ฑ๐๐๐๐ฟ๐ ๐ถ๐ ๐๐ต๐ถ๐ณ๐๐ถ๐ป๐ด. And itโs […]