Business / Economics

In S.A, Financial Stability Review Highlights Growing Strain on Households

today2 December, 2024

Background

S.A’s Reserve Bank’s latest Financial Stability Review reveals growing financial stress among households and small-to-medium enterprises. High interest rates, ageing global conflicts, infrastructure failures, and South Africa’s graylist status contribute to the strain. Reserve Bank’s head of financial stability department Nicola Brink, says non-performing loans surged from 257-billion-rand in March 2023 to 304-billion-rand in July 2024:

 

Written by: Leonard Witbeen

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