The numbers don’t lie – there’s over R2.5 trillion in personal debt in South Africa right now. Even more staggering is that R70 billion to R100 billion of that belongs to consumers already undergoing debt counselling.
According to Benay Sager, Chairperson of the NDCA, South Africa has a world-class debt counselling system. And guess what? It works! Sager believes that if more people take the plunge and seek help, we could see the current R15 billion in annual returns shoot up to a whopping R25 billion. That’s a serious boost to the economy right there!
Read the full article on Debtline.