Black Friday Shifts from Luxury to Necessity for Desperate South Africans

As the world gears up for the annual Black Friday shopping frenzy on 28 November, a startling new survey conducted by Debt Rescue revealed a troubling shift in the motivations of South African consumers. Once primarily associated with splurging on luxuries, this year’s shopping event has transformed into a desperate struggle for survival among many […]

A Festive Season on the Brink: Record Debt Haunts South African Households

A Perfect Storm in December This precarious situation sets the stage for a “full-blown crisis” during the festive season, warns Debt Rescue CEO Neil Roets. He notes that many households are entering this period with “almost no buffer at all.” “The interest rate cuts have helped at the margins, but not nearly enough to turn […]

South Africans Enter Festive Season with Record Debt Levels

Debt Rescue CEO Neil Roets warned that many households are entering the most financially demanding period of the year with “almost no buffer at all.” “The interest rate cuts have helped at the margins, but not nearly enough to turn the tide for households whose incomes have been swallowed by years of rising living costs […]