South Africa: Country's Household Debt Exceeds R1-Trillion (Business Day)

HOUSEHOLD debt in SA had quadrupled to more than R1-trillion in the past five-and-half years, but the growth in consumer credit had started to slow as high interest rates and the National Credit Act (NCA) dampened consumer appetite for credit, National Credit Regulator (NCR) CEO Gabriel Davel said yesterday.

Author: Think about it
Thu May 22 09:42:29 2008

The rights of the people are being taken away if they want to be poor let them be poor after all everyone knows a state pension with a little bit of crime on the side and your'e away.





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