Despite the financial challenging times the country faces, the number of tenants with good credit scores continues to grow.
According to TPN, one of SAs well-known credit bureaus, 83 of tenants are in good standing as of the first quarter of this year, their latest residential rental monitor report has shown. Waldo Marcus, marketing director at TPN said this is an improvement compared to the last quarter of 2024.
These figures are remarkable considering that over 8-million South Africans are unemployed, yet tenants are demonstrating improved payment behaviour. This is a clear sign that consumers have an increased commitment to maintaining a good payment record while ensuring housing stability, he said.