Panic-buying in SA causing consumers to fall further into debt

Almost half of credit consumers in SA are behind on payments

Bad debt soars as people in South Africa are spending money they don’t have. After Cyril Ramaphosa announced a state of disaster, photos and videos of people clearing the shop shelves have gone viral. Debt Rescue was already preparing for a very busy year due to the tough economic challenges South Africans are facing. Now, consumers are falling even further into debt due to panic-buying.

Watch the kykNet video clip to find out more.

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