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BusinessTech
South Africans earning R20,000+ face increasing financial pressure, with debt-to-income ratios rising. DebtBusters’ Q4 2024 report shows a 9% increase in online debt management demand and 8% rise in debt counselling enquiries. Despite some economic improvements, households still struggle financially. Debt-to-annual-income ratio is at 113%, reflecting the impact of interest rate hikes.
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