RSG speaks to Annaline van der Poel about the Debt Crises South Africans are currently Facing

Alarm bells ring as South Africans fall deeper into debt

‘Virtually the entire population of this country are in deep trouble and have no idea where or how help is coming from,’ said Debt Rescue CEO Neil Roets. The number of deeply indebted consumers in South Africa over the past three months has risen sharply compared to the same period last year, The Citizen reports. Debt Rescue […]

Spike in debt counselling applications signaling economic struggles

South Africa’s prominent debt management company, DebtBusters, reports a 41% spike in consumers seeking debt counseling. Economic challenges, including soaring living costs, have left many individuals grappling to meet financial obligations. The rise in payday loans indicates a growing trend as consumers seek additional income sources to supplement their salaries. Factors such as high-interest rates, inflation […]