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

Southern Africa sees Private Capital's Big Comeback

Private capital is making a strong comeback. Fundraising in Southern Africa surged by 162%, making 2025 one of the strongest years on record. Anusha Naidu, CEO of SAVCA, unpacks what's driving renewed investor interest, where capital is being deployed, the sectors attracting attention, and what private equity investors are telling…
29 Oct 1PM 12 min

Investing In Women: Business Strategy Or Box-Ticking?

Corporate South Africa has spent years talking about diversity and transformation, but is enough being done to build the next generation of women leaders? Pride Mnene Hlungwani, marketing and transformation leader at bp South Africa, explains why leadership development matters, the economic case for investing in women, and how businesses…
29 Oct 1PM 30 min

Africa's Resilience Dividend: Where Smart Money Is Heading

What makes an African economy investable in today's uncertain world? Precious Dube, Macroeconomist for Broader Africa at RMB, unpacks the bank's latest Where to Invest in Africa 2026/27 report. From Morocco's rise and South Africa's resilience to the growing importance of policy reform, institutional strength and economic stability, we explore…
29 Oct 12PM 17 min

How South Africans Are Stretching Every Rand

South Africans are increasingly living two very different financial realities. New research from NielsenIQ reveals a growing consumer divide, with almost equal numbers reporting that they're either financially worse off or better off than a year ago. As inflation, food prices and household costs continue to bite, consumers are changing…
28 Oct 1PM 13 min

ECIC at 25: Reimagining South Africa's Export Future

As the Export Credit Insurance Corporation of South Africa (ECIC) marks 25 years of supporting exporters, newly appointed CEO Linda Seroka joins Kaya Biz to outline the institution's future vision. From supporting emerging exporters and SMMEs to exploring new trade opportunities in Asia and the Middle East, the discussion examines…
28 Oct 1PM 13 min