
Interest rate relief offers breathing space, not a turnaround in household finances
Despite easing inflation and lower borrowing costs, South Africans entering debt counselling use 71% of take-home pay to service debt, according to DebtBusters.

Despite easing inflation and lower borrowing costs, South Africans entering debt counselling use 71% of take-home pay to service debt, according to DebtBusters.

From no-fee schools to R200 000-plus private options, rising education costs are forcing families to budget smarter, plan earlier and rethink how they fund schooling without sinking deeper into debt.

The bank’s Financial Stability Review also flags the growing financial distress among households and SMMEs and the vulnerabilities in the commercial real estate sector.