According to a Debt Rescue study, only about 23% of South Africans have money left at the end of the month before their next payday.
The study finds that 86% of South Africans borrowed money in the year 2014. It also finds that South Africans between the ages of 31 and 45 collectively owe 53% of all outstanding debt in the country.
Salem Dyafta, Consumer Brand Manager at TransUnion, spoke to #NightTalk’s Gugs Mhlungu and Sizwe Dhlomo about the best practices for to manage their credit scores.
More financial pain expected for consumers as cost of living increases
Here are the electricity and other price hikes that will hit Johannesburg from July
Enorme skok vir Junie verwag
SA Reserve Bank widely expected to raise interest rates by 50 basis points on Thursday
Don’t drown in debt – get help
We look forward to the opportunity to get you debt-free!
You can start your application process already. Simply download your assessment or fill in our online application and get one step closer to becoming debt-free with Debt Rescue!
