The SA Reserve Bank’s aggressive interest rate increases, combined with the higher food, electricity and transport costs, are pushing households to breaking point. Photo: Supplied
PERSONAL FINANCE
The SA Reserve Bank’s aggressive interest rate increases, combined with the higher food, electricity and transport costs, are pushing households to breaking point. The rapid increase in credit uptake is a red flag. Unlike a typical credit bonanza driven by confidence in better times, the current credit uptake is as a result of desperate people simply pushing the can further down the road.
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