First Take SA

Many households are struggling to repay their loans


Listen Later

Many households are struggling to repay their loans, and unsecured debt is on average 32 percent higher than it was five years ago. According to the DebtBusters' fourth quarter Debt Index released YESTERDAY (Thursday 4 February), debt -to-income ratio is at 130 percent. This is its highest level in years as a result of the Covid-19 pandemic and the measures implemented to curb the spread of the virus. Head of Debtbusters, Benay Sager, says borrowing has increased by 32 percent to supplement eroding incomes due to salary cuts and job losses.
...more
View all episodesView all episodes
Download on the App Store

First Take SABy SAfm


More shows like First Take SA

View all
The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

8,748 Listeners