5 Strategies to Manage Debt and Interest Rates in 2025
- 39% of households expect to miss a bill or loan payment, indicating economic pressure.
- 31% of consumers are accelerating debt repayment to manage high-interest loans.
- 24% of South Africans are increasing contributions to emergency savings.
The proactive financial behaviors observed among South Africans amidst economic uncertainty are commendable and reflect a growing awareness of financial management. However, the high percentage of individuals still at risk of missing payments and falling victim to scams highlights the need for continued education and support in financial literacy and fraud prevention.
