Mmegi

TransUnion sees consumers' bill pressures rising

Tricky times: The rising cost of living and tightening economic conditions have piled more pressure on consumers
Tricky times: The rising cost of living and tightening economic conditions have piled more pressure on consumers

Local consumers who have been facing a rising cost of living amidst stagnant wages, are expected to default on bills such as rent and mortgages as disposable incomes continue to shrink, a new study suggests.

One in three Batswana have expressed pessimism over the ability to meet their financial obligations, and are now turning to “side gigs” to make ends meet.

A report by leading credit bureau TransUnion, covering the second quarter of this year, showed that local consumers were reeling under the weight of a slowing economy and facing steeper costs of living.

Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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