South Africans are urged to spend wisely and make sound financial decisions even with the uncertainty around the current global pandemic. Following the President of South Africa’s state of the nation address declaring a national state of disaster, people have been panic buying. Photos and videos have gone viral of South Africans panic buying at… Continued
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
South Africans are taking out debt for food Imagine taking out debt for food. This has become a horrid reality for South Africans. Many consumers are in debt in a floundering economy. Some are even taking out debt just to feed themselves and their families. The rising petrol price is affecting consumers even more. Motorists… Continued
Are South Africans earning enough to keep up with the cost of living? Neil Roets explains.
Debt Rescue CEO, Neil Roets, says once people are paid in early December this gives them a false sense of well being and overspending occurs. “Salaries are paid in early December and people forget that their next pay cheque only comes at the end of January when they have expenses that need to be paid… Continued
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