Dear Delegate

MBD Credit Solutions is proud to present the results of the Consumer Financial Vulnerability Index (CFVI) for quarter 2 of 2013. Our partnership with Unisa’s Bureau of Market Research (BMR) over the last few years, has enabled us to bring you regular updates on how consumers’ perceptions about their financial position change every quarter.

Recent studies show that there are 20 million credit-active consumers in South Africa. According to these studies, almost 50% of these credit-active consumers have impaired credit records. A concern is that impaired records are rising faster than new accounts.

The National Credit Regulator (NCR) said the increase in the levels of impairment was of concern and encouraged consumers to monitor their credit behaviour.

This concern is emphasised by the MBD Credit Solutions CFVI, which indicates that consumers felt more financially vulnerable during Q2 2013 than during Q1 2013. In the current economic climate consumers have increasing concerns about their income as well as their ability to save.

It is interesting to note that the consumer vulnerability experienced over the last five quarters mirrors the recessionary period in 2009, despite South Africa not being in a recession currently.

If you require additional information regarding this brochure or would like us to send copies to others, please email communications@mbdcs.co.za.

Till next time.

Click below link to download CFVI Quarter2:
CFVI Q2 2013.pdf - 1.9 Mb


Click below link to download October Newsletter 2013:
Oct 2013.pdf - 1.3 Mb

Dr Clive Coetzee

General Manager:  Infrastructure Management and Economic Services

KZN Provincial Treasury

Economist (PhD UKZN)

033 897 4538

http://www.kzntreasury.gov.za/