Nearly half of South African(SA) adults are reportedly borrowing money to afford groceries. This is according to FinMark Trust's latest study, the FinScope Consumer South Africa report. The survey results found 40% of consumers are using credit for household necessities, while two out of five individuals have gone without electricity in the past 12 months, due to a lack of affordability.
For more on the statistics, Thami Ngubeni spoke to Lesego Mashigo, head of Financial Inclusion, South Africa at FinMark Trust.

Standard Bank to sponsor South Africa's national football team at the 2026 FIFA World Cup
05:34

CIPC raises awareness on the vital role of intellectual property protection
08:13

SANEDI focuses on driving innovative, integrated clean energy and resource-efficient solutions to unlock growth and prosperity at the 2026 Energy Indaba
08:32