More to debt review than meets the eye

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Johannesburg - The South African economy has faced significant headwinds over the past year or so and the situation is likely to continue in the short to medium term. Aside from slow real GDP growth and the lag in creation of real, sustainable jobs to reduce unemployment and poverty, inflationary pressures are beginning to erode consumers’ disposable income.

Recent statistics from debt management firm Debt Rescue and Statistics SA show that South Africans spend 75% of their salaries on paying debt. 

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