Consumer credit in South Africa witnessed steady growth as consumers continued to struggle with the high costs of living. BNPL is expanding amid rising demand for flexible finance solutions, whilst providing an alternative for consumers who may not qualify for traditional bank loans or credit cards.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in South Africa with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in South Africa, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Credit in South Africa report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Credit in South Africa?
- What are the major trends key to understanding Consumer Credit in South Africa?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Consumer Credit in South Africa - Category analysis
KEY DATA FINDINGS
High cost of living offers new opportunities for BNPL
Outstanding balances rise across all types of consumer credit
Buy Now Pay Later continues to prove dynamic as it expands beyond retail
Optasia’s recent listing on the JSE signals reflects fintech growth and integration
Further economic stabilisation amid regulatory change
Technological advances to expedite consumer credit process and experience
SARB opens up National Payments System to non-banking fintechs
Consumer Lending in South Africa - Industry Overview
Consumers rely more heavily on card lending
KEY DATA FINDINGS
Economic recovery creates more favourable borrowing environment
Consumer lending displays consistent growth within a volatile and tech-driven market
Economic growth and innovative products stimulate the housing market
Buy Now Pay Later (BNPL) continues to experience rapid growth amidst fears of regulatory gaps
Positive outlook for consumer lending
Retailers will expand the competitive landscape
COUNTRY REPORTS DISCLAIMER
The following categories and subcategories are included:
Consumer Credit
- Auto Lending
- Card Lending
- Durables Lending
- Education Lending
- Home Lending
- Other Personal Lending
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Consumer Credit research and analysis database.
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