Debt Repayments

In June 2016, close to75% of the average South African’s annual income was spent on debt repayment. As one of the world’s heaviest credit users – and with an economy in turmoil – it’s little wonder than many South African’s struggles to keep up with loan repayments, making the country home to the world’s most consumer debt in 2015. Times are as uncertain as ever for South Africa’s many millions of borrowers. While some take…