for subscribers

More to debt review than meets the eye

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

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. 

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.38
(+0.39)
ZAR/GBP
21.40
(-0.39)
ZAR/EUR
19.43
(+0.17)
ZAR/AUD
11.61
(-0.05)
ZAR/JPY
0.16
(+0.00)
Gold
1920.38
(+0.53)
Silver
25.06
(+1.33)
Platinum
879.00
(+0.97)
Brent Crude
43.05
(+1.28)
Palladium
2398.00
(+0.84)
All Share
55211.31
(-0.11)
Top 40
50714.08
(-0.27)
Financial 15
9988.62
(+0.32)
Industrial 25
75196.96
(-0.49)
Resource 10
53717.17
(-0.13)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
30% - 21 votes
No, I did not.
46% - 33 votes
My landlord refused
24% - 17 votes
Vote