In The Press


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

A likely rise in bankruptcies, electricity supply constraints, a poor jobs outlook, and material fiscal constraints, do not set South Africa’s expected economic recovery on a good path, says Sanisha Packirisamy, economist at Momentum Investments. In a note on Tuesday (5 January), Packirisamy said that a resurgence in Covid-19 cases and tighter restrictions could also… Continued

SOUTH African consumers are financially stressed and defaulting on their debt repayments due to retrenchments and the situation is likely to worsen before it improves despite anticipated economic growth in 2021.

Durban – SOUTH African consumers are financially stressed and defaulting on their debt repayments due to retrenchments, and the situation is likely to worsen before it improves despite anticipated economic growth in 2021. Economists and debt counsellors yesterday said many consumers were struggling to repay their debts as credit providers now aggressively pursue collections following… Continued

SOUTH African consumers are financially stressed and defaulting on their debt repayments due to retrenchments and the situation is likely to worsen before it improves despite anticipated economic growth next year.

In spite of the huge number of Covid-related job losses and resulting failute of thousands of South Africans to keep up with their credit payments, the big banks are looking remarkably steady.

1 2 3 4 5 88

Thank you!

We look forward to the opportunity to get you debt-free!

Did you know?

You can start your application process already. Simply download your assessment or fill in our online application and get one step closer to becoming debt-free with Debt Rescue!

Subscribe to Our Weekly Email