Market Research Report
Consumer Lending in South Africa
|Published by||Euromonitor International||Product code||973659|
|Published||Content info||17 Pages
Delivery time: 1-2 business days
|Consumer Lending in South Africa|
|Published: November 27, 2020||Content info: 17 Pages||
The emergence of the pandemic in South Africa and the subsequent lockdown period introduced by the government in an attempt to control the spread of the virus, exacerbated already rising unemployment levels witnessed in 2019, and dramatically reduced consumers' disposable incomes. This not only left them struggling to pay for essential goods and services, but also significantly impacted their ability to repay loan agreements which had a notable effect on consumer lending, particularly consumer c...
Euromonitor International's Consumer Lending in South Africa report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Consumer Credit, Mortgages/Housing.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
List OF CONTENTS AND TABLES
COVID-19 impact on consumer lending
COVID-19 country impact
Pandemic results in significant reduction in consumer spending, even amongst less financially-restricted South Africans
Consumers increasingly turn to alternative financial service providers and microcredit in 2020
First-time buyers take advantage of low interest rates to purchase homes, restricting decline for gross lending of mortgages/housing
What next for consumer lending?
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
KEY DATA FINDINGS
Pandemic exacerbates unemployment and reduces consumers' ability to make repayments, driving up outstanding balance
Auto lending records one of the strongest declines in gross lending as consumers shy away from large loans in unstable environment
Financially-restricted consumers look to alternative financial service providers for short-term loans
RECOVERY AND OPPORTUNITIES
Overall slow recovery predicted with gross lending unlikely to return to pre-pandemic levels by 2025
Card lending set to record strongest performance in gross lending terms over the forecast period
Further move towards digitalisation could help develop and support access to consumer credit