RISE fm Taking Care of Business on RISE fm

TCOB: Standard Bank records an increase in consumers using balloon payments

Loading player...
A 3rd of Standard Bank’s customers looking to buy a car have opted to include the maximum balloon payment in the past 12 months as South Africans continue to struggle with affordability as a result of high interest rates.

Wandile Mazibuko spoke to Mothusi Dire, who is the Head, Dealer Sales and Market, Non-Metro at Standard Bank South Africa for more on this data and its significance in consumer behaviour.
24 Jun 2024 English South Africa Business News

Other recent episodes

South Africa's SME Crisis Isn't a Funding Problem - It's a Sales Problem

Small businesses are often described as the backbone of South Africa's economy, yet many continue to battle rising costs, red tape, unreliable infrastructure and limited access to finance. But what if we've been looking at the problem the wrong way? Our guest believes the biggest challenge facing South African SMEs…
21 Jul 13 min

What’s Driving Buyers to Hybrid Electric Vehicles Now?

South Africa's new-energy vehicle market is gaining momentum, with the latest figures from Naamsa revealing some surprising shifts in consumer preferences. While fully electric vehicle sales nearly doubled during the first quarter of 2026, it was plug-in hybrid vehicles that stole the spotlight, recording an astonishing 430 percent increase compared…
15 Jun 11 min

MTPA Calls For Participation In The Wildlife Economy Programme

Mpumalanga Tourism and Parks Agency has opened applications for its 2026/2027 Wildlife Economy Programme donation window, aimed at supporting previously disadvantaged individuals, local communities and emerging black game farmers through wildlife donations and skills development initiatives. Joining us now to unpack the programme, its impact and how communities can benefit,…
11 May 11 min

R1 Million up for grabs in 2026 Standard Bank Kasi SME National Pitch Challenge

Standard Bank has officially launched the 2026 Kasi SME National Pitch Challenge, with an incredible R1 million grand prize up for grabs for qualifying township businesses across all nine provinces. Now in its second national edition, the competition aims to connect small businesses with funding, mentorship, market access and growth…
12 May 17 min
All episodes