Independent on Saturday

South Africans are living on borrowed time

The last few years have been extremely challenging for South Africans and their bank balances. It started with Covid-19, and the subsequent extended lockdowns, which left every major component of our society in disarray.

From a significant contraction of economic activity, to a surge in government debt and a sharp spike in unemployment.

But the abuse is far from over.

The South African Reserve Bank has increased interest rates to a 13-year high as the increasing cost

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