Shocker! South Africa's debt stats

PARTNER CONTENT PARTNER CONTENT

South Africans were the biggest borrowers in the world in 2014, according to a report issued by the World Bank. And they appear to be borrowing mostly from friends and family, private micro-lenders and to a far lesser extent from financial institutions.

Mining was one of the hardest hit sectors for debt in the last few years, with strikes driving the miners into further debt. Anglo American is one of the mining companies looking to mitigate these statistics.

ZAR/USD
16.55
(+0.78)
ZAR/GBP
20.92
(+0.37)
ZAR/EUR
18.93
(+0.67)
ZAR/AUD
11.62
(+0.40)
ZAR/JPY
0.16
(+0.47)
Gold
1807.86
(-0.06)
Silver
19.25
(-0.03)
Platinum
830.00
(+0.18)
Brent Crude
43.06
(+0.42)
Palladium
1963.00
(+0.31)
All Share
56374.05
(+1.52)
Top 40
52048.69
(+1.59)
Financial 15
10697.88
(+1.61)
Industrial 25
76413.30
(+1.19)
Resource 10
54358.32
(+2.14)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 2134 votes
I am taking a hit, but should be able to recover in the next year
23% - 2734 votes
My finances have been devastated
35% - 4143 votes
It's still too early to know what the full effect will be
25% - 2968 votes
Vote