Business Report‘s SLINDILE KHANYILE:
“Sixty-four percent of South Africans believe that many are living beyond their means, according to findings of the Ipsos Markinor socio-political trends survey done last November.
The study defines living beyond ones means as spending more than what you earn. The respondents were divided into four groups according to their education levels.
The survey found that 83 percent of people with tertiary education believed there was high indebtedness among South Africans, while only 73 percent of those with matric thought this was the case.
Fifty-nine percent of people with some …

Business Report‘s Evan Pickworth on the credit position in South Africa reports:
“The rate of growth in South African credit extension to the private sector (PSCE) is expected to have increased at 21.2 percent year-on-year (y/y) in January from December’s 21.46 percent.
South Africa’s broad M3 money supply aggregate growth rate, meanwhile, is expected to have increased in January at 23.9 percent y/y from December’s 23.67 percent increase.
Forecasts among the 12 economists surveyed for PSCE ranged from 20.3 percent to 22.0 percent, while the range of forecasts for M3 was from 19.8 …