Falling behind on your car payments? Here’s what to do

Nearly four in ten South Africans who have formal credit struggle to make their repayments, according to the Finmark Trust. With the cost of living going up, more people are feeling the squeeze. So your lender is  Maybe you’ve had a bad month – like an unexpected medical bill – or perhaps your circumstances have […]

Households brace for pain as dominoes start falling

Reserve Bank hikes repo rate on rising inflationary risks driven by oil prices Indebted South African consumers, whose spending is a key driver of economic growth, will have to tighten their belts after the Reserve Bank raised interest rates, citing intensified inflation risks stemming from higher oil prices linked to the Middle East war. Concerns […]

Interest Rate Hike Adds Further Pressure to Household Budgets

Annaline van der Poel, joins the discussion on how the latest interest rate hike is affecting home loan repayments, vehicle finance and credit card debt, placing additional pressure on consumers already grappling with rising transport and food costs.

South Africans Buckling Under Mounting Financial Pressure

Highlights the growing financial pressure facing South African consumers. The CEO of Debt Rescue notes that many households no longer have room in their budgets to meet debt repayments due to rising living costs. A recent survey found that nine out of ten respondents are experiencing serious financial strain, with many being forced to cut […]