Repo Rate Cut Welcome But Time Has Run Out For Ordinary South Africans

Thursday’s repo rate cut was welcome for ordinary South Africans, but it is coming too late for them to avoid being smashed by debt as they try to make ends meet. Earlier this week President Cyril Ramaphosa opened an Optimistic message to the nation, commending government for being able to “showcase a country on an […]

Debt Experts Warn Black Friday Could Deepen Consumer Financial Strain

Debt experts are cautioning that this year’s Black Friday shopping period could push already distressed South African consumers further into debt, as economic pressures continue to weigh heavily on households. Neil Roets, CEO of Debt Rescue, on Monday said the firm is “undeniably concerned” about the risk of consumers overextending themselves during the annual retail […]