Why the High Debt Among South Africans?
With sharp increases in petrol, energy and food costs, consumers are taking to unsecured loans that often results in a debt spiral over the high costs of repayments.
Two out of three consumers believe they have no alternative but to get into debt.
South Africa: No Option but Debt - Survey
South African Press Association, 23 July 2012
Two out of three consumers believe they have no alternative but to get into debt, the latest Old Mutual Savings and Investment Monitor has found. read more »
Biz-Community, 8 June 2012
Moeletsi Mbeki, one of South Africa's most respected economic and political commentators, has drawn a disconcerting picture of how easily South Africans get caught in a debt trap. ... read more »
Democratic Alliance, 10 July 2012
ADCORP released its monthly employment index this morning. The results are terrible, with another 31 000 jobs lost in the month of June. ADCORP now estimates that 82 520 jobs have ... read more »
Unemployment and the Euro crisis are the biggest threats to the South African economy in 2012, says International Monetary Fund managing director Christine Lagarde. Read more »