CAPE TOWN - Consumers are still drowning in debt, even as inflation cools and interest rates come down.
This situation could get worse if the Reserve Bank pushes rates up after inflation numbers jumped.
The DebtBusters’ 2025 Debt Index shows loans still remain a lifeline for many households.
At least 95% of debt counselling applicants carry personal loans, and more than half also rely on payday loans.
DebtBusters says while rate cuts and two-pot withdrawals offered some relief, many are still sinking.