Debt Rescue CEO Neil Roets said the cumulative impact was forcing many consumers into impossible financial decisions.
“The relentless hikes in fuel, electricity, food and municipal tariffs have a cumulative impact on household budgets. Every additional rand absorbed by fuel, transport, electricity or debt repayments is a rand that is no longer available for groceries and other household necessities.
“This is pushing people into a situation where they must make impossible choices, like keeping the lights on or buying food to feed their families. It is deeply concerning that authorities are simply ignoring this ticking time bomb,” says Roets.
Read the full article here.