Only 21c in every rand is available to the average South African household to pay for living expenses. The rest is used to pay debt, despite measures in the last two decades to curb levels of household indebtedness. What’s more, of the 20 million credit-active consumers in this country, 47%[…]
South African consumers’ biggest concern remains servicing their debts, credit solutions firm MBD said on Wednesday. “The pressure on consumer finances was intensified by amongst others prolonged labour strikes, some substantial price increases, and slow employment growth negatively influencing income levels,” MBD said in a statement. It said the latest[…]
South African consumers have over the few last weeks flooded the country’s stores, buoyed on by end of year bonuses and festive season sales. Despite the country’s economy seen as being at its weakest in years, this has done little to damper consumers from spending their hard earned cash. But[…]
South Africa would be in ‘serious trouble’ if the existing e-tolling debt was not settled, SA National Roads Agency Limited (Sanral) told the e-toll review panel in Pretoria on Wednesday. “There is no new money,” said Sanral CEO Nazir Alli. Alli said that currently the agency had no funds to[…]
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