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Earning more than R50,000? Your debt repayments may already exceed your salary
DebtBusters says interest rate cuts and two-pot retirement withdrawals briefly eased pressure on consumers in the first quarter of the year as economists now warn rising inflation and possible rate hikes could deepen financial strain.
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Inflation surge fuels fears of deeper debt crisis for South African consumers
Debt counselling experts express deep concern over the recent spike in inflation in South Africa, warning that rising costs and potential interest rate hikes could further strain…
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Earning more than R50,000? Your debt repayments may already exceed your salary
DebtBusters says interest rate cuts and two-pot retirement withdrawals briefly eased pressure on consumers in the first quarter of the year as economists now warn rising inflation…
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Stagnant salaries: More financial strain as interest rates are expected to rise
South Africans are grappling with rising living costs, stagnant salaries, and increasing debt as economists predict an interest rate hike by the Reserve Bank today.
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Rates up, so are your debt repayments
Interest rates are expected to remain higher for longer as the war in the Middle East continues.
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DebtBusters report reveals ongoing financial strain for South African consumers
Despite recent relief from lower interest rates and access to retirement savings, South African households are still grappling with high debt levels, as revealed by the latest…