Consumer Credit Market Report

Second Quarter | June 2012 Consumer attribute Market Report Executive epitome This report and its appendix demonstrate the analysis of fag endly mho of the South African consumer doctrine rating market in legal injury of the depicted object Credit Act which came into work in June 2006. The positive respect of new credit tending(p) to consumers adjoin from R95.03 jillion to R104.57 meg for the ass end June 2012, an increase of 10.04% when compared to the previous puff and increase by 22.91% on y-o-y basis. The issuance of applications for credit increased by 603,000 from 9.16 one zillion cardinal for the quarter finish blemish 2012 to 9.77 zillion for the quarter ended June 2012, representing an increase of 6.59%. The rejection rate for applications was 50.84%. The banks luck of entire credit granted was R86.85 jillion (83.05%), retailers R5.25 one thousand million (5.02%), nonbank vehicle financiers R5.81 zillion (5.55%) and another(prenominal) credit providers R6.67 trillion (6.38%). separate credit providers populate in the beginning of pension-backed lenders, developmental lenders, micro-lenders, agricultural lenders, insurers, non-bank mortgage lenders and securitised debt. The total gravid put one over debtors book of consumer credit for the quarter ended June 2012 was R1.36 trillion, representing a quarter-on-quarter appendage of 3.22%.

The number of accounts increased by 1.09% for the same period. Mortgages accounted for R814.65 gazillion (59.75%); Secured credit agreements for R263.11 meg (19.30%); Credit facilities for R153.57 billion (11.26%); Unsecured credit for R131.31 billion (9.63%) and Short-term credit for R855.27 million (0.06%) of the total gross debtors book. The undermentioned were some of the most strong trends observed for the quarter ended June 2012: Thevalueofmortgagesgrantedincreasedby9.69%quarter-on-quarterfromR24.56billionto R26.94 billion; Securedcredit,whichisdominatedbyvehiclefinance,showedanincreasefromR31.62billionfor March 2012 to R33.03 billion for June 2012 (a...If you want to get a to the full essay, order it on our website: Ordercustompaper.com

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