Radio Tygerberg Hoofnuus | South Africa’s middle class is in big trouble

New data from debt counsellor, DebtBusters, shows that the combined pressures of increasing interest rates, rising inflation and a diminished ability to borrow have led more consumers to pro-actively seek help — with enquiries about debt counselling having increased by 17% compared to the second quarter of 2021. Benay Sager, head of DebtBusters unpacks this.