Innovation

Consumer Default Index offers view on the indebted

The index is able to track the financial health of specific segments by looking at new credit defaults in a community.

14 November 2017

The deaths of 44 people following a wildcat strike at Lonmin’s platinum mine at Marikana near Rustenburg in 2012 was a tragedy, but could one of the issues resulting in the strike have been tracked beforehand?

Although the Farlam commission, which looked into the the cause of the tragedy made numerous recommendations, none touched on the level of indebtedness of the workers.

ITWeb Premium

Get 3 months of unlimited access
No credit card. No obligation.

Already a subscriber Log in