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 are not the only ones feeling the effects of this increase. Goods and services will also increase due to the price of petrol. Neil Roets states that there are serious consequences for taking out debt – and, unfortunately, it’s gotten so bad that people are taking out loans to put food on the table.