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South Africa’s working population is under financial pressure due to a rise in monthly expenses compounded by a weak economy, rising inflation and interest rates. This is according to a Cape Town-based debt Review Company.

Their research shows that while food inflation and transport costs continue to rise, wages remain flat, forcing consumers to take on a lot more unsecured debt. Experts say the financial pressure workers suffer is taking a toll on their overall mental wellbeing.

The company’s Debt Index shows that debt counselling enquiries grew by more than 32% in January 2022 compared to January 2021. Business Manager at Debt Rescue, Annaline van der Poel says debt counselling is the most effective way of elevating the financial stress that indebted workers suffer.

 

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Fault of GovernmentZA

Thus article is wrong. Working for government has no pressure just pure spending bliss.

All part of the great reset

Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Williamchurch07 and started Bitcoin trading, I earned R500,000 in 3 weeks thanks Williamchurch07

Sabc, too inept to find a local picture

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