SA is drowning in debt

South Africans are drowning in debt despite a slight drop in the number of people being summoned to court for owing money. According to Statistics South Africa, in June this year, Gauteng had the highest number of cases (17 603) followed by KwaZulu-Natal (8 800). However, these are also the provinces with the biggest populations. […]

How to work towards being debt free

For every R100 you earn – R72 is going to debt

A new survey conducted by insurer 1Life shows that South Africans are struggling financially, with high levels of debt putting pressure on households and leaving little room for monthly expenses. The group conducted the survey in July, testing consumers’ understanding of saving and financial responsibility. Addressing the survey results, 1Life said that despite knowing how important saving […]