As many as 91% of South Africans are concerned about being able to pay bills and loans four months into the Covid-19 pandemic, according to a survey released on Monday.
It found that 21% of consumers surveyed reported that they had payment holiday arrangements with their lenders and service providers, 16% had this arrangement for their personal loans, and 49% of these consumers were not making any payments on these loans at the time.
Many consumers said they had been forced to cut down on unnecessary spending, including cancelling subscriptions, with as many as 64% of impacted consumers cutting back on discretionary spend. Despite this, job losses have increased substantially since the start of the surveys. This month, 17% of impacted consumers reported losing their jobs, compared to 10% in round one.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OP-ED: Disinformation in a time of Covid-19: Weekly trends in South AfricaA crisis such as the Covid-19 pandemic creates a perfect opportunity for those who wish to cause confusion, chaos and public harm. Misinformation and disinformation enables them to do just that…
Read more »
How COVID-19 threatens efforts to contain HIV/AIDS in South AfricaThe effect of the COVID-19 pandemic on the continuum of care in HIV is emerging as a substantial and longstanding one with dire consequences.
Read more »
From the president's desk: Young South Africans creating silver lining to Covid-19 cloudYoung South Africans are coming up with home-grown solutions to the contemporary challenges we face, writes President Cyril Ramaphosa in his weekly newsletter. COVID19inSA LockdownSA stayathome
Read more »
TRENDING: South Africa’s Weekend Trend Report – 17-19 July 2020.This is a summary of the trending, highest impact, and most active themes and their narratives related to social cohesion and division in South African public-domain social media conversations from 17 to 19 July 2020.
Read more »
Coronavirus lays bare South Africans' toxic relationship with alcoholSouth Africa's move to reimpose an alcohol sales ban as its coronavirus epidemic surges has eased pressure on hospital staff but cast a bleak spotlight on the country's booze culture.
Read more »
Visual Essay: Mandela Day: Amid hunger and hardship, many South Africans make a standNavigating lockdown restrictions and the devastating impact of the Covid-19 pandemic, South Africans commemorated the legacy of Madiba on Saturday. At the same time, upheavals such as shack demolitions continued apace. Here are some of the scenes from Johannesburg.
Read more »