Kaya Biz with Gugulethu Mfuphi spoke to Jaco van Jaarsveldt on the real impact of high credit card limits.
Zuko Komisa
Experian Africa is urging consumers to approach the impending Black Friday sales with extreme caution to avoid future debt, despite a recent improvement in national default rates.
Kaya Biz with Gugulethu Mfuphi spoke to Jaco van Jaarsveldt who is the Head of Strategy & Innovation at Experian Africa, who stressed that while tempting discounts abound, shoppers must understand the true financial landscape before diving into a spending frenzy that could lead to financial pitfalls.
According to Jaco van Jaarsveldt, the latest Experian Consumer Default Index (CDI), which tracks default behaviour across various loan types, shows a 14% year-on-year improvement, with the overall rate falling from 4.36% in June 2025 to 3.76% in September 2025.
However, Van Jaarsveldt warned that this statistic should not be mistaken for widespread financial stability, as it is merely a snapshot of complex economic dynamics.
The caution is a pointed reminder for shoppers to prioritise sound financial planning over impulse buying during the sales period.
Listen to the full conversation here:
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The post Black Friday: Understanding the real impact of high credit card limits appeared first on KAYA 959.
