Apparently this was an improvement from 2011 when they saved
R2.70 for every R100.
The bank said that the amount households saved was not
sufficient to pay a deposit when financing property, a vehicle or household
appliances.
In contrast, South Africans continued to have an appetite
for credit according to the National Credit Regulator.
There were 19.97 million credit-active consumers at the end
of 2012 up from 19.69 million at the end of 2011.
A staggering 9.34 million had impaired records, simply put,
bad debts.
Just over 4 million were more than three months behind in their
payments and nearly 2.8 million had judgments and pending orders.
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