Discussion | Cost of living | South Africans pushed to credit cards

Avbob Investment Plan
JOHANNESBURG – South Africa’s escalating cost of living crisis is exerting significant pressure on consumers, forcing many to rely on credit cards.
                   READ | Residential property prices on the rise
Standard Bank has observed a striking 52% increase in new credit card applications, through to the end of August this year.
To shed light on these trends,Tumelo Ramugondo, Standard Bank’s Head of Credit spoke to eNCA.