Three years after our initial Covid-19 lockdown and while the virus has seemingly become a thing of the past, the debt pandemic which it seems to have created continues on as S.A consumers are warned of getting into a debt spiral.

According to the latest Eighty20/XDS Credit Stress Report the fourth quarter of 2022 showed an increase in appetite for credit among South Africans, with more than 800,000

new entrants into the credit market over that period, at the same time though the number of people in default on their repayments also increased.

Research from National Debt Advisors showed that between March and December 2020, 80% of the finances in South African households were negatively impacted as a result of lockdown, job losses and a subsequent interruption of income, which led many to running towards credit.

For more on this the team spoke to National Debt Advisors CEO Charnell Collins.

Three years after our initial Covid-19 lockdown and while the virus has seemingly become a thing of the past, the debt pandemic which it seems to have created continues on as S.A consumers are warned of getting into a debt spiral.
According to the latest Eighty20/XDS Credit Stress Report the fourth quarter of 2022 showed an increase in appetite for credit among South Africans, with more than 800,000
new entrants into the credit market over that period, at the same time though the number of people in default on their repayments also increased.
Research from National Debt Advisors showed that between March and December 2020, 80% of the finances in South African households were negatively impacted as a result of lockdown, job losses and a subsequent interruption of income, which led many to running towards credit.
For more on this the team spoke to National Debt Advisors CEO Charnell Collins.

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Wake Up on METRO FM with Khutso Theledi, Lindi Mtshali and Owen Hannie is South Africa’s premier morning radio breakfast show. Full of character and personality, this show is the only way for South Africans to get their mornings started. The show gets the day going through fun and entertaining content that gets you thinking, laughing and inspires joy as you gear up to take on the day. The show brings hope by capturing quintessential South African stories & experiences that get us in our feels and connect us as a people. ‘Wake Up on METRO FM’ Monday to Friday between 5am & 9am for a show that’s bound to get you thinking, feeling and smiling. 

Wake Up on METRO FM with Khutso Theledi, Lindi Mtshali and Owen Hannie is South Africa’s premier morning radio breakfast show. Full of character and personality, this show is the only way for South Africans to get their mornings started. The show gets the day going through fun and entertaining content that gets you thinking, laughing and inspires joy as you gear up to take on the day. The show brings hope by capturing quintessential South African stories &amp; experiences that get us in our feels and connect us as a people. ‘Wake Up on METRO FM’ Monday to Friday between 5am &amp; 9am for a show that’s bound to get you thinking, feeling and smiling.

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