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Rescue’s January Survey: The State of South Africans’ Finances

64% of South Africans have no savings

admin by admin
January 24, 2025
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Rising inflation, excessive rates of interest, and skyrocketing prices of necessities like meals and electrical energy are stretching family budgets skinny this new yr.  Annaline van der Poel, Chief Working Officer of Debt Rescue, joined Heart 104.9 FM to share eye-opening statistics concerning their Januworry Survey and actionable recommendation on managing debt in these attempting instances.

Debt Actuality

Within the interview, Annaline shares the truth: 64% of South Africans don’t have any financial savings and are counting on credit score simply to make ends meet. She additionally explains the dangers of slicing again on requirements, the ripple results of festive season overspending, and the way January’s monetary pressures linger for months. 

Smarter Budgeting

Most significantly, she shares sensible steps households can take to regain management, from smarter budgeting to searching for skilled debt counselling.

Catch the total interview right here! 

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