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This year has been tough and it has been most distressing when it comes to our personal finances. While there has been a decrease in overdue balances for credit accounts by 12% in the past twelve months, consumers are still under significant pressure due to the increases of the interest rates. Beyond the impact of inflation, most South Africans that fall into the middle class are worried about the cost uncertainties associated with food, petrol and loadshedding. They are also worried about the social uncertainties associated with rise in violent crime, substance abuse and climate change (water shortages/flooding).
Guest: Brandon De Kock - Director of Storytelling at the BrandMapp
Guest: Andrew Fulton - Director at Eighty20
This year has been tough and it has been most distressing when it comes to our personal finances. While there has been a decrease in overdue balances for credit accounts by 12% in the past twelve months, consumers are still under significant pressure due to the increases of the interest rates. Beyond the impact of inflation, most South Africans that fall into the middle class are worried about the cost uncertainties associated with food, petrol and loadshedding. They are also worried about the social uncertainties associated with rise in violent crime, substance abuse and climate change (water shortages/flooding).
Guest: Brandon De Kock - Director of Storytelling at the BrandMapp
Guest: Andrew Fulton - Director at Eighty20