Economy bleeds, unemployment at all-time high

Tomorrow marks exactly a year since President Cyril Ramaphosa the Covid-Igenforced national lockdown: and since then a trail of economic devastation and jobs bloodbath continue to haunt many South Africans. When Ramaphosa announced the initial 21—day Lockdown, SA’s Covid-19 infections had spiked from 61 to 402 in a space of eight days and a drastic […]

Review of 2020 Consumer Debt & Relief Options

“Released earlier this month by the SA Human Rights Commission revealed over fifty percent of South Africa’s credit-active consumers, which amounts which to ninety million people, are over-indebted and this has been compounded by South Africa’s low-level savings. Joining us in conversation to reflect upon the last year, particularly its impact on consumer debt as […]

South Africa’s middle-class is being wiped out

Financial experts have seen an uptick in debt-related queries over the past few months as the effects of the country’s lockdown are still being felt, with the middle-class particularly hard hit. The number of people in debt who are relying on their credit to stay alive has sky-rocketed, leaving the South African economy teetering on […]