DebtBusters says South Africans drowning in debt: Bennai Sager
More and more South Africans are relying on personal and payday loans to survive the rising cost of living. Debt to income ratios for top earners are also at record highs - despite growing consumer confidence. And, 91% of debt counselling applicants hold personal loans. This is according to DebtBusters' Q1 2025 Debt Index, and joining me now to discuss these worrying trends, is Bennai Sager - Executive head of DebtBusters. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
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