South Africans are becoming more heavily indebted, with interest rate hikes and the weak economy crippling households across the country. The problem has again been highlighted in the latest Gauteng City-Region Observatory Quality of Life Survey report, which shows that the levels of indebtedness in the province have risen across […]
New data shows that the age group with the largest amount of debt in South Africa is between 31 and 45 who collectively owe 53% of all outstanding debt. Debt management firm, Debt Rescue’s data showed that South African men and women have now become almost equal in the R1.64-trillion […]
South Africans are sinking under debt – and the credit amendment bill won’t pull us out. Quick cash and easy credit is available everywhere you look, but as SA faces off against a vicious credit storm, the new credit amendment bill presented by the ministry of trade and industry doesn’t […]
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