Mail & Guardian
Mail & Guardian
debtbusterslatest news & developments
Consumers are spending more than 40% of their disposable income on repaying debt, survey shows. (Getty Images)
CONSUMER DEBT LEVELS

South African households under R2.5 trillion debt stress

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

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

Editorial: Financial illiteracy breeds debt

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

  • Editorial
3 min read
CONSUMER CREDIT

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…

  • Lyse Comins
1 min read
COUNSELLING

Debt counselling inquiries jump by 30%

An increasing number of inquiries for debt counselling are from first-time home and car buyers who took advantage of low interest rates during Covid-19

  • Anathi Madubela
7 min read
Despite earning less than R5 000 a month, more than half of South Africa’s Generation Z are somehow saving up to R1 800 a month.
BENAY SAGER

Money stress: More women than men are feeling the pinch

Most respondents to a DebtBusters survey are anxious or uneasy about the state of their finances

  • Sarah Smit
2 min read
DEBT COUNSELLING

Debt counselling enquiries double

Over the festive season and into the New Year, debt counsellors DebtBusters has seen a doubling of enquiries compared to the same period last year.

  • Staff Reporter
1 min read
CREDIT DEMAND

We’re our own worst enemies

Taking on more credit spells trouble in more ways than one.

  • Fiona Zerbst
1 min read
CREDIT BUREAU MONITOR

South Africans plunging deeper into debt

Over 11 million consumers are struggling with their debt repayments.

  • Fiona Zerbst
2 min read