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.