Currently in South Africa there has been a lot of press coverage on the amount of unsecured debt (personal loans, micro-lending) being given and how sustainable this is for the end consumer. At DebtBusters, we have seen an increase in the levels of over-indebtedness, as well as the number of credit accounts held by the […]
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Today the South African Reserve Bank (Sarb) governor Lesetja Kganyago announced that the repo rate will remain unchanged at 6% following a meeting held by the Monetary Policy Committee earlier today. This will come as great news to consumers already struggling to make ends meet.
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