Despite financial strain, South Africans make a plan

Even though consumers seem to be feeling somewhat less financially stressed lately, there is no doubt that money worries still take a substantial toll on their daily lives.

Debt review company DCGsa paints a sobering picture of debt in South Africa through a collation of numbers on its website: R2.56 trillion in loan balances, R208 billion in overdue payments, and 17.97 million accounts in arrears.

DebtBusters' latest annual Money-Stress Tracker, now in its fourth iteration, found that 70% of respondents have felt money stress this year, which, although an eight-percentage-point decrease since 2023, is still a worrying picture.

By Nicola Mawson

Full story at IOL