South Africans are busy drowning in debt

The National Credit Regulator released statistics last week which revealed that South Africans are drowning in debt with some falling behind in their loan repayments. NCR's Louisa Hetesani spoke to us about the fact that almost half of those with access to credit have impaired records. Issues such as increasing food prices, fuel and electricity are some of the reasons behind people acquiring unsecured loans which further put them in debt. For saving tips contact the NCR on 0860 627 627