In The Press

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

Buying food on credit is symptomatic of a bigger problem. Consumers who have experienced a change in their financial standing, either through retrenchments or pay cuts, are in trouble and taking on more expensive debt is only going to make it worse. On  1 June, StatsSA announced that the country’s unemployment rate has continued to worsen, hitting… Continued

19 million credit- active citizens appear to be in financial duress. Inquiries about debt counselling have increased as more than 19 million credit-active South Africans appeared to be over-indebted and the official unemployment rate reached a record high of 32.6% in the first quarter of 2021. Statistics released earlier this year by the SA Human… Continued

A YEAR on from the first hard lockdown, the TransUnion Consumer Pulse survey for the first quarter of 2021 offers some promising insights for South Africans: 76% of the respondents said they were optimistic about the future, and more than half felt confident their household finances would recover within the next 12 months. However, the… Continued

A staggering 94% of those surveyed in a recent Debt Rescue study experienced a cash shortage during the past year. This could be due to changing work statuses. A noteworthy 34% lost their jobs, contributing to South Africa’s unemployment rate breaking through the 32% ceiling, with 22% being retrenched and 17% receiving a pay cut.… Continued

Experts have warned that the Covid-19 pandemic will leave deep scars in the global economy, with middle-income families expected to shoulder the brunt of the impact. While $26 trillion worth of crisis support and the arrival of vaccines have fueled a faster recovery than many anticipated, the legacies of stunted education, the destruction of jobs, war-era levels of… Continued

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