ISAAH MHLANGA: More people wanting more credit could be a sign of strain
During the low-interest regime of the pandemic, many consumers took the opportunity to put their credit status in order. But rising interest rates could be straining budgets now
27 November 2022 - 07:08
As usual at the approach of the festive season, discussion is turning to how households should spend their end-of-year bonus pay cheques so that when January comes, they do not have to run to loan sharks for help.
This year the discussion is particularly animated due to soaring unemployment, high inflation and rising interest rates. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.