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Msn Money


The industry’s top experts offer their best advice, research, how-to’s, and insights

South Africa’s middle class is drowning in debt and getting poorer and poorer “Things aren’t looking good for our country. The forecast for economic growth is still below 1% and consumers are literally borrowing more just to survive,” says  Clement Manyathela South Africa’s middle class is increasingly funding their lifestyles by way of unsecured debt… Continued

DEEPLY indebted consumers should not sway from their budget by taking on unnecessary debt on goods they don’t need this festive season. This was according to Neil Roets, the chief executive of Debt Rescue, who said indebted consumers already owe more than R1.71 trillion in outstanding debt. Roets said many consumers had already maxed out… Continued

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