Debt counselling inquiries jump by 30%
There has been a more than 30% increase in debt counselling inquiries compared to the same period a year ago, indicating the financial stress consumers…
Cost of living is forcing people into debt review
There has been a significant increase in applications for debt review, according to the latest debt index report from debt counselling firm DebtBusters. The report…
Middle-class South Africans are in serious trouble
Middle-class South Africans are under immense stress, struggling to make vehicle and home loan repayments while relying on credit cards to make it through the…
‘Vast majority’ of SA’s blue collar workers becoming poorer amid food price surge – report
Even though food prices in March were 14% higher than they were at the same time last year, most South Africans can expect their salaries to go…
Looming strikes threaten South Africa’s economy
Looming strikes in the steel sector and concerns that Eskom employees will soon follow suit will have a disastrous impact on South Africa’s already bleak…
Another inflation shocker: CPI remains red hot as food price hikes hit 14%
Contrary to forecasts, annual consumer price inflation is still heading higher – reaching 7.1% in March, up from 7.0% in February. Economists expected CPI to…
Call Centre industry a beacon of hope for South Africa’s unemployed youth
Business Process Outsourcing is a burgeoning sector offering rewarding career opportunities There is no denying South Africa’s youth unemployment crisis. At 42%, nearly half of…
Retrenchments at Pick n Pay
Pick n Pay has launched a retrenchment process and is offering staff voluntary severance packages, which can lead to significant job losses at the retailer.…
South African households are in serious trouble
Finance group Capitec has published its annual financial results for the full year ended February 2023, showing that South African households are under extreme pressure…
Bad news for salaries in South Africa
Annabel Bishop, the chief economist at Investec, says that the fall in annual salaries is a reflection of businesses facing a high operating cost environment.…