Festive spending | Many planning on using credit cards and loans

JOHANNESBURG - Many South Africans are planning on using credit cards and loans to fund their festive season spending.

READ: Consumers turn to credit amid high interest rates

This is based on the Summer Spending Survey by short-term lender, Wonga.

The survey also found that some will be cutting down their spending.

Capitec Group Executive, Francois Viviers, discussed what they’re expecting, and if there have been changes to their clients' behavior ahead of the festive season.