The report showed that sixteen percent of the people surveyed borrowed to pay for transport, seven percent acquired credit to pay school fees, and five percent to pay electricity bills (file photo).
The report showed that sixteen percent of the people surveyed borrowed to pay for transport, seven percent acquired credit to pay school fees, and five percent to pay electricity bills (file photo).
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 »
President Jacob Zuma announced at the opening of Parliament the establishment of a jobs fund of R9 billion over the next three years to finance new job-creation initiatives. Read more »
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. Read more »
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