Middle Class Consumers Defaulting on Payments

The impact of poor economic conditions Poor economic conditions are causing consumers to default on payments, such as bond and loan repayments. The middle class are not only struggling to sell their homes, but they are also struggling to get their asking price. There’s been a growth in the sale of homes below R400 000. […]

SOE Bailouts will Cost Consumers

Here’s how the government bailouts of SOEs will affect consumers Durban – The bailouts from government to various state-owned enterprises (SOEs) will have a significant effect on consumers, according to Debt Rescue’s Neil Roets. The funds required from government for such bailouts are enormous. Eskom has been granted an additional bailout of R59billion, but without […]