Post South Africa

Financial crunch for South Africans

falling behind

SOUTH Africans are struggling financially.

A total of 33% of home loan holders find it difficult to meet their monthly repayments or are falling behind on payments.

Furthermore, a total of 70% of South Africans have not seen any improvement in their income since 2020, while 45% describe themselves as financially stressed.

This is according to the Old Mutual Savings and Investment Monitor (Omsim). The research report also found that 50% were “poly-jobbers”, having more than

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