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Consumers are spending more than 40% of their disposable income on repaying debt, survey shows. (Getty Images)

South African households under R2.5 trillion debt stress

Consumers are spending more than 40% of their disposable income on repaying debt, survey shows

  • Eyaaz
8 min read
Millions of South Africans are drowning in debt. Consumers owe more than R2.5 trillion to their creditors

Editorial: Financial illiteracy breeds debt

Consumers can get their lives back after going under debt review although the process is not easy

  • Eyaaz
3 min read
File photo

SA consumers turn to personal loans, unsecured credit to survive

Debt-strapped citizens are taking short term loans to ‘balance’ cash flow as wages fail to keep up with the cost of living This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers

  • Des Erasmus
1 min read