Despite high interest rates, inflation is the reason people are borrowing more to make ends meet
More South Africans are turning to personal loans as financial lifelines, borrowing more to make it through the month despite the highest borrowing costs in over a decade, a survey has found.
The second-quarter DebtBusters debt index, a quarterly review of data drawn from debt counselling applications, released this week shows the average loan size has increased by 78% since 2016, with unsecured debt on average 26% higher than in 2016.... There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an
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