TransUnion sees more debt pressure on consumers


Leading consumer insights firm, TransUnion, says local borrowers are facing the heaviest debt burden in the post-COVID era, marked by reduced debt affordability, higher debt pressures, and decreased appetite for loans, due to various economic factors.

TransUnion has over 13,000 associates operating in more than 30 countries, including Botswana, Kenya, Malawi, Namibia, Rwanda, South Africa, Eswatini, and Zambia.

Kabelo Ramaselwana, country manager at TransUnion Botswana, told BusinessWeek several factors were driving the challenges consumers are facing in the credit market. These include increasing debt service ratios and inflation eroding disposable income, escalating cost of living, which limits consumers' ability to take on additional debt as well as growing household indebtedness, particularly in areas of expensive or unsecured lending, leading to financial strain.

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Women in Politics caucus NGO, a welcome development

In the 2014 General Election, women who stood for parliamentary elections were a mere 17 out of a total of 192 aspirants, and sadly the number dropped to 11 out of 210 parliamentary aspirants in the 2019 General Election. Hopefully, registration of the Women in Politics Caucus will give women the necessary support to join politics. While things were slowly improving, women for a long time were at the receiving end as compared to their male...

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