Real Estate Investor October 2022 | Page 33

Distressed Mortgage Arrears

Arrears of 90 days or more
R 37 Billion
Total Value Q3 of 2019
R 47,8 Billion
Total Value Q3 of 2020
2019 Q3
Before Covid-19
2020 Q3
At an all-time high
2021 Q3
Post Covid-19
2022 Q1
Current State
3.8 %
Arrears Rate
4.8 %
4.2 %
4.1 %
Arrears Rate
Arrears Rate
Arrears Rate
R 46,4 Billion
Total Value Q1 of 2022
Statistics from www . ncr . org . za
In the third quarter of 2020 , the total value of distressed mortgages reached an all-time high , increasing by 29 %
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Impaired Credit Consumers

Percentage of Credit Consumers that are Impaired in 2022
38.4 %
Approximately 16 % of all South Africans are impaired credit consumers and therefore are unable to own a home
26m people
9,9m People
Active Credit Consumers
That is nearly 2 out of every 10 South Africans
Total Impaired