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South Africans need loans to survive

Fin24 says that at least two out of three South Africans feel that they have no option but to incur higher levels of debt in order to pay their bills according to figures published in the Old Mutual Savings and Investment Monitor.

25 Jul 2012

According to Fin24 it represents the higher recorded measure for a propensity for debt since the Monitor was first published. It says there has been a significant increase in indebtedness of South Africans.

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Fin24:No option but debt - survey
Old Mutual:Old Mutual Savings and Investment Monitor

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