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
Warm relations must not come at the expense of fair trade

“I believe that free but fair trade isan absolute imperative”– John E. JamesFor two countries bound by geography, history and deep economic ties, periods of diplomatic strain serve neither side well. President Duma Boko’s efforts to restore momentum to relations with Pretoria deserve recognition, particularly at a time when Southern Africa faces shared challenges ranging from sluggish economic growth and unemployment to energy security...

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