Sharp increases may lead to more debt in SA

Sharp increases for South Africans

Consumers will experience sharp increases in municipal services, electricity, diesel and petrol prices. Consumers will have to tighten their belts even more and spend wisely to make ends meet. Neil Roets warns that these price increases may cause many South African consumers to fall deep into debt. This is because consumers are borrowing money just to survive. Faced with a low disposable income and the cost of living increasing, many consumers may need to seek help.

Get help before it’s too late

Consumers who are battling to pay off debt can contact Debt Rescue, South Africa’s trusted Debt Counselling company, for help.

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