With only one week left until Southern Africa’s definitive Consumer Credit Conference taking place on 18 and 19 September 2013, we would like to invite all credit professionals to register for and attend this one-of-a-kind consumer credit conference.
Kim Dancey, Head: Policy, Regulation and Consumer Empowerment and Dr Sabine Strassburg, Senior Information and Research Specialist, from FinMark Trust will be addressing the 6th Consumer Credit Conference, discussing credit and borrowing -a demand side perspective.
FinMark Trust will be addressing the pressure that unsecured lending puts on already indebted South Africans, an issue that needs to be better understood, especially under the circumstances facing the economy.
“Levels of unsecured credit have to be examined in the context of the broader socioeconomic pressures on individuals,” said Kim Dancey, FinMark Trust.
“It is important to understand the impact that rising levels of unsecured credit – and subsequent indebtedness – have in areas where people are dealing with the rising costs of transport, electricity and food,” Kim Dancey added. "The broader socioeconomic impacts that go with unsecured credit place pressure on employees to get more money to make repayments."
Kim Dancey advises that although the health of the banking sector is not at risk, with 9% of the total loan book attributable to unsecured credit, "there is a broader picture that needs to be examined".
Join consumer credit professionals from banks, microfinance’s, retailers, debt collection agencies, credit bureaus as well as other service and technology providers at Emperors Palace to examine potential opportunities for 2014 and challenges that may also affect their companies, clients and organisations in order to help consumers.