Nearly half of SA households can’t afford another interest rate hike
The debt counselling service said 48.5% of respondents did not know how they would cope with higher rates, while 32.2% indicated they would need to make cuts to their budgets. It found that 74.2% of those interviewed feel stressed, worried, anxious or overwhelmed about the prospect of further interest rate increases, while 56.8% are unprepared […]
Interest Rate Fears Leave South Africans Financially Vulnerable
Many respondents worry they cannot cope with another rate hike, and nearly half are unsure how they would manage. Two-thirds fear falling behind on debt obligations if borrowing costs increase further.
Nearly half of South Africans fear they won’t survive another interest rate hike, survey finds
A survey conducted by Debt Rescue has revealed that nearly half of its respondents said they would not be able to survive another interest rate hike, as it would significantly hurt their wallets and affect food, electricity and other basic living expenses. The survey was conducted in early June after the South African Reserve Bank […]
Debt Rescue Survey: South African Consumers Reach Financial Breaking Point
A Debt Rescue survey reveals that South African consumers are nearing a financial breaking point, with nearly half unable to cope with further interest rate increases and over two-thirds at risk of falling behind on debt repayments as rising borrowing costs combine with higher fuel and living expenses.
Nearly half of SA households not able to deal with another interest rate hike
Nearly half of South African households can’t afford another interest rate hike, according to a survey conducted by a debt counselling service earlier in June. The SA Reserve Bank is widely expected to follow the May hike of 25 basis points with another increase when its Monetary Policy Committee (MPC) meets again in July. It was in […]
Debt Rescue Survey Reveals Growing Consumer Anxiety Over Interest Rates
A new debt rescue survey highlighting consumer anxiety over rising interest rates. Many respondents worry they cannot cope with another rate hike, and nearly half are unsure how they would manage. Two-thirds fear falling behind on debt obligations if borrowing costs increase further.
South Africans Face Mounting Financial Pressure as Costs Continue to Rise
Debt rescue expert Annaline van der Poel warns that half of consumers could face severe strain if interest rates rise. She highlights the impact of high living costs and debt burdens on household budgets.
Debt Rescue Survey: South Africans Near Financial Breaking Point
Many South African consumers are reaching a tipping point, with nearly half unable to afford another interest rate hike due to limited financial capacity and rising inflation.
Nearly Half of SA Households Can’t Afford Another Rate Hike
Many South African consumers are approaching a financial breaking point as the combined impact of rising debt repayments, increasing fuel prices, and escalating living expenses continues to place immense pressure on household budgets. With the cost of essential goods and services climbing steadily, many families are finding it increasingly difficult to make ends meet, leaving […]