Indebted South Africans face financial ruin amid interest rate hike and growing risk of scams
Amid a volatile global economy, weak rand, and interest rates at a 14-year high, South Africans are struggling with mounting financial hardships due to skyrocketing debt, higher electricity tariffs, food inflation, and steadily decreasing household income. South Africans face a debt crisis as several SA banks see credit impairments soar amid high interest rates and …