HomeChoice reports 51% increase in new customers.
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GUEST – Sean Wibberley - HomeChoice International CEO
The Group made pleasing progress in the past six months, growing its customer base by 51%. This comes after a 39% customer growth in the previous financial year. HIL also increased disbursements by 17% to R2.8 billion, delivered Buy Now, Pay Later (BNPL) Gross Merchant Value (GMV) of R1.5 billion (up 174%) and increased its merchant points of presence to 8 700 (up 47%), wrote R85 million in standalone insurance premiums (up 25%) and generated R604 million in retail sales (up 2%). Cash collections increased by 32% to R5.2 billion, a notable achievement in the face of economic headwinds and a constrained consumer environment.
The Group made pleasing progress in the past six months, growing its customer base by 51%. This comes after a 39% customer growth in the previous financial year. HIL also increased disbursements by 17% to R2.8 billion, delivered Buy Now, Pay Later (BNPL) Gross Merchant Value (GMV) of R1.5 billion (up 174%) and increased its merchant points of presence to 8 700 (up 47%), wrote R85 million in standalone insurance premiums (up 25%) and generated R604 million in retail sales (up 2%). Cash collections increased by 32% to R5.2 billion, a notable achievement in the face of economic headwinds and a constrained consumer environment.