The debt repayment defaults have started

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Payment defaults
Payment defaults

PERSONAL FINANCE

Credit bureau Experian has released figures confirming that South Africans are in deep financial trouble. The number of credit-active South Africans who have missed a debt repayment for the first time is at a record high.

This is based on an Experian consumer default index for February, March and April.

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ANC secretary-general Ace Magashule has written a letter suspending party president Cyril Ramaphosa in apparent retaliation after he was served with a letter of suspension on Wednesday.
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