Saturday Star

R2.5 trillion in personal debt, if recouped, can boost economy

consumer spending

MORE THAN R2.5 trillion in outstanding personal debt owed by South Africans can be released to the local economy, according to the National Debt Counsellors’ Association (NDCA).

The organisation, which represents some of the debt counsellors, said between R70 billion to R100bn of this outstanding debt belonged to consumers who were in debt

You’re reading a preview, subscribe to read more.

More from Saturday Star

Saturday Star2 min read
Screening Of Passengers To Deal With Mpox Outbreak
AS cases of the mpox begin to surge in South Africa, the Border Management Authority (BMA) Commissioner, Dr Michael Masiapato, has announced that he has instructed port health officials to start a process of screening travellers in a bid to deal wit
Saturday Star2 min read
Dutch Skipper: We May Have Overestimated Our Own Qualities
NETHERANDS captain Virgil van Dijk has warned his team they need to make a major improvement or face exiting the European Championship in Germany, as he suggested they may have overestimated their own qualities. The Dutch have been heavily criticised
Saturday Star2 min read
E-hailing Industry Welcomes New Law
The e-hailing industry has welcomed the signing of the National Land Transport Amendment (NLTA) Bill by President Cyril Ramaphosa as a “massive win” for the sector. The signing of the bill into law brought long-awaited clarity and formal recognition

Related Books & Audiobooks