South African Debt Crises Deepens as Interest Rate Relief Fails to Alleviate Struggling Consumers
By Given Edwards In the wake of the South African Reserve Bank’s (SARB) decision to maintain the repo rate at 8.25%, a growing financial crises looms over South Africa. Despite this move aligning with expert forecasts, the economic relief anticipated by many seems distant. The hold on interest rates comes amidst a concerning rise in […]
eNCA interviews Annaline van der Poel about unsustainable interest rates
What to buy this Black Friday
By Ina Opperman South African consumers struggle to make ends meet while they battle high interest rates and inflation. How can they deal with Black Friday? The latest Debt Rescue survey reveals how financially distressed most South African consumers are, with a staggering 70% of them saying this Black Friday they will focus on hunting for […]
Consumers should be wary of Janu-worry after interest rate decision
By Ashley Lechman Financial experts have warned that consumers should keep an eye on their financial needs in January 2024 as the country approaches the higher spending period in December. CONSUMERS in South Africa can look ahead to the festive season without having to adjust their budgets too much after the South African Reserve Bank […]