{"id":29859,"date":"2013-01-15T11:10:40","date_gmt":"2013-01-15T09:10:40","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=29859"},"modified":"2013-01-15T12:47:51","modified_gmt":"2013-01-15T10:47:51","slug":"the-highest-consumer-debt-in-sa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/29859\/the-highest-consumer-debt-in-sa\/","title":{"rendered":"SA’s most indebted province"},"content":{"rendered":"

Gauteng has the highest consumer debt per capita of all nine provinces and accounts for almost half of total consumer debt held in SA\u201a the latest SA survey by the Institute of Race Relations<\/a> shows.<\/p>\n

The survey monitors long-term trends in society\u201a politics and the economy.<\/p>\n

Using official figures from the National Credit Regulator\u201a the institute found that the average individual in Gauteng owes R4\u201a260.<\/p>\n

Forms of debt include mortgage agreements\u201a secured credit\u201a unsecured credit\u201a credit facilities\u201a and short-term credit transactions.<\/p>\n

The Western Cape accounted for 14% of the total debt owed in SA\u201a and had the second highest debt per capita at R2\u201a700 per person.<\/p>\n

The province with the lowest per capita debt was Limpopo\u201a which accounted for 4% of the total debt owed in SA\u201a with R750 per capita.<\/p>\n

Data also showed that total consumer debt in the country increased from R85bn in 2011 to R104bn in 2012\u201a or by R19bn. Average per capita debt was R2\u201a050.<\/p>\n

\u201cHigher income earners are able to borrow money more easily as they have assets or income against which they can borrow\u201a\u201d researcher at the institute Georgina Alexander<\/a> said.<\/p>\n

\u201cOn the other hand\u201a low income earners are less likely to have assets or a large enough income against which they can borrow money.\u201d<\/p>\n

Alexander added that Gauteng had the highest annual average household income in the country\u201a \u201cso part of the reason for the high per capita debt in Gauteng may be the higher incomes in the province.\u201d<\/p>\n

More about SA jobs<\/h3>\n

Employment slump in telecoms sector<\/strong><\/a><\/p>\n

IT jobs in SA: good news and bad news<\/strong><\/a><\/p>\n

SA\u2019s ICT job landscape<\/strong><\/a><\/p>\n

IT and telecoms job trends in SA<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Gauteng has the highest consumer debt per capita of all nine provinces and accounts for almost half of total consumer debt held in SA<\/p>\n","protected":false},"author":8,"featured_media":21967,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,4999,1652,853],"class_list":["post-29859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-consumer-debt","tag-gauteng","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/29859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=29859"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/29859\/revisions"}],"predecessor-version":[{"id":29862,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/29859\/revisions\/29862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/21967"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=29859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=29859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=29859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}