TCOB: Standard Bank records an increase in consumers using balloon payments

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A 3rd of Standard Bank’s customers looking to buy a car have opted to include the maximum balloon payment in the past 12 months as South Africans continue to struggle with affordability as a result of high interest rates.

Wandile Mazibuko spoke to Mothusi Dire, who is the Head, Dealer Sales and Market, Non-Metro at Standard Bank South Africa for more on this data and its significance in consumer behaviour.

24 Jun 2024 English South Africa Business News

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