Rise FM talks to Annaline van der Poel about alarming increase in loan rates

South Africans are increasingly turning to credit to survive

Channel Africa talks to Annaline van der Poel about the situation that South Africans are currently faced with, debt.

702 Interviews Annaline van der Poel about increasing debt in South Africa

The cost of living has gone up and South Africans are increasing debt just to survive.

Millions surviving by borrowing money to pay debts, report confirms

By Ina Opperman South African consumers are borrowing more and more money to survive, but they cannot repay it, creating a bottomless debt spiral. The latest credit stress report confirms that borrowing money to pay their debts has become a lifeline for millions of South Africans, leaving them stuck in a debt spiral caused by […]

Borrowing money has become a lifeline for millions of South Africans

By Suthentira Govender South Africans are increasingly turning to credit to survive cost-of-living increases. This is according to Debt Rescue CEO Neil Roets, who analysed the “Eighty20/XDS Credit Stress Report” for the last quarter of 2022 to raise awareness during National Credit Education Month in March. The quarterly report highlights the impact of economic forces […]