Conditions mean ‘SA on precipice of an Arab Spring’

As desperate South Africans, including the upper crust, dig deeper debt holes to put food on the table, credit applications are soaring.

While the borrowing has been fuelled by rising food and electricity costs, the Covid-19 pandemic also had a long-term impact on finances.

Statistics from major credit bureaus show that consumers are borrowing to put food on the table, while struggling to prevent their cars and homes from being repossessed. And while there has been a surge in attempts to access credit, there