Recent reports from Debt Rescue paint a distressing picture of mounting pressure on South African households. According to its latest consumer report, nine out of ten households say they are under serious financial strain, with more than half facing severe pressure and uncertain how they will cope.
“This signals a critical tipping point in the country’s cost-of-living crisis that has driven millions of people to their knees,” says Debt Rescue CEO Neil Roets. The report warns that “increasingly, households are cutting back on essential food items and other basic necessities, and that fuel costs are central to this dynamic.”