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
GCC should fix the Gabs water flow mess

The sight of submerged yards and closed roads is an inconvenience and a clear sign that the capital’s water passages pose a problem to residents. With more rain forecast, this is not a time for panic, as Gaborone City Council (GCC) Mayor Oarabile Motlaleng rightly urges, but it is most certainly a time for urgent, collective action.His appeal for calm must be matched by a firm commitment from both the GCC authorities and every single resident....

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