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Consumer Lending in South Africa

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Description

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.

Why buy this report?

Get a detailed picture of the Consumer Lending market; Pinpoint growth sectors and identify factors driving change; Understand the competitive environment, the market's major players and leading brands; Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
Product Code: FCZAcl

TABLE OF CONTENTS

List OF CONTENTS AND TABLES

EXECUTIVE SUMMARY

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?

MARKET DATA

Table 1 Consumer Lending: Outstanding Balance by Category: Value 2015-2020 Table 2 Consumer Lending: Outstanding Balance by Category: % Value Growth 2015-2020 Table 3 Consumer Lending: Gross Lending by Category: Value 2015-2020 Table 4 Consumer Lending: Gross Lending by Category: % Value Growth 2015-2020 Table 5 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2015-2020 Table 6 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2015-2020 Table 7 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2015-2020 Table 8 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2015-2020 Table 9 Forecast Consumer Lending: Outstanding Balance by Category: Value 2020-2025 Table 10 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2020-2025 Table 11 Forecast Consumer Lending: Gross Lending by Category: Value 2020-2025 Table 12 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2020-2025

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES

Summary 1 Research Sources

KEY DATA FINDINGS

2020 IMPACT

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

CATEGORY DATA

Table 13 Consumer Credit: Outstanding Balance by Category: Value 2015-2020 Table 14 Consumer Credit: Outstanding Balance by Category: % Value Growth 2015-2020 Table 15 Consumer Credit: Gross Lending by Category: Value 2015-2020 Table 16 Consumer Credit: Gross Lending by Category: % Value Growth 2015-2020 Table 17 Forecast Consumer Credit: Outstanding Balance by Category: Value 2020-2025 Table 18 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2020-2025 Table 19 Forecast Consumer Credit: Gross Lending by Category: Value 2020-2025 Table 20 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2020-2025