Debt Rescue CEO Neil Roets said the cumulative impact of higher interest
rates and rising living costs was particularly concerning for households
already under financial strain.
“In the face of the expected October petrol and diesel price increases,
driven by global energy market instability and rand weakness, which will
impact transport, distribution, and food prices, worsening inflationary
pressures, the accumulated impact will place already financially stretched
South African households under even greater pressure, ”Roets said.
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