Inflation is Easing, but Debt Is Up

South Africans are still drowning in debt. A Debt Rescue survey stated that 41% of people have defaulted on their cards in the past year, and 30% have have missed payments on retail accounts. Two-thirds of South Africa’s creditworthy consumers who took part in a Debt Rescue survey stated that they cannot repay their debt […]

South African consumers to face financial strain amidst Israel-Iran conflict

According to a survey conducted by Debt Rescue, two-thirds of South Africa’s credit-worthy consumers stated that they cannot repay their debt due to macroeconomic pressures beyond their control. CEO of Debt Rescue Neil Roets, said that disturbing insights from the survey show that 41% of people have indicated that they have defaulted on their credit […]