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The national credit act and macroeconomic variables in the context of over-indebtedness in South Africa

Author

Listed:
  • Nico Keyser

    (University Free State)

  • Cecile Duvenhage

    (University Free State)

  • Mohamed Abdulla

    (University of the Free State, Bloemfontein, South Africa)

Abstract

This article reports on a study aimed at measuring and characterising consumer over-indebtedness in South Africa, despite the existence of financial regulatory measures and legislation. The study employed quantitative analysis to examine the impact of macroeconomic variables on consumer over-indebtedness. The primary conclusion of the study indicated that the debt-to-disposable-income ratio decreased following the enactment of the National Credit Act; nevertheless, the alterations in debt levels cannot be solely ascribed to the enforcement of regulations and legislation. The study findings indicate that over-indebtedness correlates positively with gross domestic product, consumer expenditure, unemployment, and the debt-to-income ratio, while exhibiting a negative correlation with the interest rate. Key Words:National Credit Act, macroeconomic variables, over-indebtedness, South Africa, , tablets

Suggested Citation

  • Nico Keyser & Cecile Duvenhage & Mohamed Abdulla, 2024. "The national credit act and macroeconomic variables in the context of over-indebtedness in South Africa," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 13(6), pages 182-188, September.
    • Handle: RePEc:rbs:ijbrss:v:13:y:2024:i:6:p:182-188
    DOI: 10.20525/ijrbs.v13i6.3437
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