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Experian’s Consumer Default Index has been warning for months of the impending consumer distress.
It says the fact that major banks have upped bad debt provisions is an indication of just how much interest rate hikes have hit homeowners in particular.
Jaco van Jaarsveldt, Africa head of commercial strategy and innovation at Experian, spoke to business editor Xolani Mbanjwa.
Tune into Newzroom Afrika DStv channel 405 for more.
