Consumer “carnage on the street”

Extraordinary increases could be the final straw for many MANY Durban residents cracking under immense financial pressure because of salary reductions and job losses since the start of Covid face “consumer carnage” as a slew of increases came into effect on Thursday. Late yesterday, eThekwini Municipality spokesperson Mandla Nsele confirmed the city would extend its […]

South Africa’s middle class is under severe strain amid rising living costs

Most South Africans want to save for their retirement, but the reality for many middle-income earners is that once they’ve paid for essentials most of what’s left is spent on repaying debt, says Benay Sager, head of DebtBusters. Sager said that debt repayments now make up a substantial portion of what consumers need to spend, […]