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Credit granted to SA consumers increase by 4%

# The National Credit Regulator reports a surge in South Africans relying on credit, with the total credit granted increasing by four-percent. According to the Consumer Credit Market Report, credit of up to 148.15-billion-rand was granted between October and December last year. Credit agreements spiked by 23.39-percent quarter-on-quarter. NCR analyst Lethabo Mashiane highlights the challenge consumers face in meeting monthly instalments, signaling a concerning trend of escalating debt despite the overall health of the credit cycle.