SA leads the world in living on credit
86% of people borrow money to meet basic household needs, says bank Download article
Fuel hikes set to hit consumers hard
Many already over-indebted consumers could fall even deeper into debt due to looming rate hikes and increases in prices of fuel. Download article
Consumers are big borrowers
SA citizens show huge appetite for credit. Download article
Petrol Price Increase – ENCA
Tough times ahead – Petrol Price Hike
Petrol Price Hike
SOUTH AFRICANS THE BIGGEST MONEY BORROWERS – STUDY
JOHANNESBURG – As South African consumers face price hikes in electricity, fuel and groceries, there are warnings that people are increasingly borrowing money to make ends meet. A new report by the World Bank suggests South Africans are the biggest borrowers in the world. The Global Findex database report shows 86 percent of South Africans […]
Report reveals South Africa world’s biggest borrowers
South Africans were the biggest borrowers in the world in 2014, according to a report issued by the World Bank. And they appear to be borrowing mostly from friends and family, private micro-lenders and to a far lesser extent from financial institutions, says the report from the World Bank, known as the Global Findex database, […]
Rates & fuel hikes set to hit consumers hard
MANY already over-indebted consumers could fall even deeper into debt due to looming interest rate hikes and increases in the prices of fuel and electricity tariffs‚ Neil Roets, chief executive of debt management company Debt Rescue, said yesterday. Extremely high levels of debt limit the extent of growth in consumer spending. The fuel price increased […]
LATEST FUEL PRICE INCREASE IS GOING TO HAVE A SEVERELY NEGATIVE IMPACT ON CONSUMERS SAY EXPERTS
The price increase in all grades of petrol by 47 cents per litre on Wednesday on top of the increase in electricity tariffs and an almost certain rate hike by the Reserve Bank later in the year is going to have a devastating impact on consumers. Debt expert Neil Roets, CEO of Debt Rescue, one […]