The latest data from DebtBusters on household debt shows that South Africans earning more than R20,000 have to spend almost three-quarters of their income paying off loans.
Worse still, salary growth for this band of income earners has declined over the last nine years, while inflation has shot up by 51%.
According to the DebtBusters Debt Index for the third quarter of the year, there has been an increased demand from consumers for debt management.
The group anticipates this demand to increase even further as households face…
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Mental Prophet
Van is hitch-hiking and he gets picked up by a larnie in a merc. After travelling awhile and making small talk, Van asks the larnie what the 3-pointed star on the bonnet is for. The larnie decides to have some fun with Van.
\”Oh, that\’s the sights, you know, for aiming. When I see someone on the side of the road and I want to run him over, I just line him up in the sights.\”
Steel
Fun South African Fact: The Cape Floral Kingdom is one of the world’s six floral kingdoms – and the only one which is wholly contained within a single country.