INSIDE YOUR POCKET – Women are borrowing money for daily living expenses, not to acquire assets, says expert

Loading player...
GUEST – Grant Heyman, Marketing Coordinator of National Debt Advisors



South African women are more at risk of becoming indebted over rapidly depreciating assets than their male counterparts. To commemorate International Women’s Day, National Debt Advisors, one of the leading debt counselling companies in South Africa, shared findings from a recent assessment of their female client base to highlight the financial challenges faced by women in the country.

“At 36% of our entire client base, women are significantly less indebted than males, however the type of debt that they have is mostly unsecured debt,” says Grant Heyman, Marketing Coordinator of National Debt Advisors. Heyman explains that more than 99% of their female clients have unsecured debt, 80% have personal loans and almost 50% have credit card debt. “This is interesting to note as it speaks to how women primarily borrow for day to day living expenses as opposed to acquiring assets like their male counterparts,” says Heyman.
20 Apr 2023 5PM English South Africa Business News · Investing

Other recent episodes

SA's role in annual World Economic Forum meeting in Davos

At the World Economic Forum (WEF) in Davos this week, South Africa is presenting a pipeline of investment-ready infrastructure projects aimed at attracting global capital and long-term partnerships.Is it still useful for South Africa to be there, or would the effort be better spent fixing problems back home? Chief Economist…
19 Jan 1PM 19 min

Careers Corner: Job Guide for 2026

Pnet has released its latest Job Market Trends Report, including the Pnet Job Guide for 2026, revealing where joand Customer success at Pnet. Paul Byrne, Head of Insights, Customers Success at Pnet.
19 Jan 1PM 19 min

EXPLAINER - Why some sports stars are worth more than companies.

An 18-year-old footballer valued at more than R6 billion has reignited a global debate: how do we really put a price on modern sports stars? Following a new long-term contract at Barcelona, teenage sensation Lamine Yamal has been named the world’s most valuable footballer — outranking established global icons and…
15 Jan 3PM 22 min