The latest Debt Rescue Survey on the levels of financial distress among South African households suggests that the year has been so dire for consumers, that some may not be able to enjoy the festive season as they have in the past due to affordability constraints.
Some consumers are consciously deciding to cut down on their Christmas expenses, so as not to fall further into financial peril going into next year.
To tell us more about what the survey uncovered, I’m joined by Neil Roets, CEO: Debt Rescue.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

Consumers appear to have marginally improved in their debt management.

That’s according to the latest Experian Consumer Default Index, which showed an improvement in the credit defaulting behaviour of South African consumers across various loan types, including home loans, vehicle loans, personal loans and credit cards in the three months that ended in June 2024.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

Consumers appear to have marginally improved in their debt management.

That’s according to the latest Experian Consumer Default Index, which showed an improvement in the behaviour of South African consumers who have secured home loans, vehicle loans, personal loans and credit cards in the three months that ended in June 2024.

Nompumelelo Siziba filed this report.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

According to the Debt Index by DebtBusters, the number of people seeking help from debt counsellors grew 40% year-on-year in the first quarter. The data also showed that consumers spent close to two-thirds of their net income to pay off debt. Companies Reporter for Business Day, Nico Gous joins Business Day TV to unpack how high inflation and interest-rate hikes squeeze disposable income and hamper consumers’ ability to repay liabilities.