Neil Roets, CEO of Debt Rescue said that the financial picture for South African consumers is ‘incredibly bleak’.
“We at Debt Rescue see first-hand the devastating toll these relentless increases take on already stretched household budgets. While the underlying drivers point to distant geopolitical conflicts such as escalating US and Iran tensions pushing global oil prices up, the reality on the ground is intensely personal. When inland 95 petrol jumps to R26.92 and wholesale diesel breaches the R30 mark, we are no longer just talking about the cost of a daily commute. We are looking at a compounding cost of living crisis,” Roets said.
Read the full article here.