Information and insights company TransUnion has published its latest Consumer Pulse Study which shows that Namibian consumers are grappling with continued financial challenges, driven by the impact of job losses, salary reductions and high inflation. However, these figures are both down from Q3 , by two percentage points and six percentage points, respectively.
Inflation , averaging 5. Although overall consumer inflation decreased to 4. Many consumers have revised their household budgets in response to these financial pressures. Burger notes that this prioritisation of essential expenses over discretionary ones indicates a proactive approach to managing financial challenges.
Financial inclusion and access to credit. This could be as a result of the bank lending rate being at a high of Consumers can find out more about their credit report from TransUnion here. TransUnion is a global information and insights company with over 13, associates operating in more than 30 countries, including Botswana, Kenya, Malawi, Namibia, Rwanda, South Africa, eSwatini, and Zambia. We make trust possible by ensuring each person is reliably represented in the marketplace.
We do this by providing an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics.
As a result, consumers and businesses can transact with confidence and achieve great things. For more information visit: www. Consumer response to economic strain Inflation , averaging 5. About TransUnion. About Us. Client Support. Contact Us. Have questions? Privacy Policy Terms and Conditions Sitemap. All Rights Reserved.
