16
Jun
Martin Endjala In the wake of increasing inflation rates and central banks around the globe hiking the repo rates, research shows consumers are reducing their discretionary spending in response to current economic conditions. The Chief Executive Officer at TransUnion Namibia, Lara Burger, told this publication yesterday that they are seeing increases in borrowing costs around the world right now and in Namibia, insights show a decline in the number of credit applications, and this is likely largely due to affordability constraints and the cost of credit. Burger says that this has had a negative impact in areas like the real…