Discussion | Cost of living | South Africans pushed to credit cards

File: Illustration of foot and mouth disease virus (FMDV, pink and purple) particles. This highly contagious virus infects cattle, pigs, and sheep and many cloven-hoofed wildlife species. It causes painful lesions to appear in the mouth and feet which may lead to loss of appetite and lameness. 
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JOHANNESBURG – South Africa’s escalating cost of living crisis is exerting significant pressure on consumers, forcing many to rely on credit cards.
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Standard Bank has observed a striking 52% increase in new credit card applications, through to the end of August this year.
To shed light on these trends,Tumelo Ramugondo, Standard Bank’s Head of Credit spoke to eNCA.