Neil Roets, CEO of Debt Rescue, also expressed concern about the impact of the MTBPS on households.
“Behind every line item and deficit figure are real people, families who are already stretched to the limit by high prices, stagnant wages and mounting debt repayments,” he said.
Roets warned that even small policy shifts, such as delayed tax changes or increased borrowing, eventually affected ordinary South Africans through higher living costs and tighter credit conditions. Roets emphasised that high debt levels and rising costs of living required immediate relief measures.
“Government should consider more aggressive support strategies for consumers facing financial distress,” he said.