Stephen Grootes speaks to Consumer Ninja Wendy Knowler about what she’s calling the “Buy Now, Broke Later” crisis - a growing trend of South Africans turning to credit and pay-later options to fund everyday purchases. Knowler unpacks how the surge in instant credit platforms and deferred payment schemes is luring consumers into dangerous debt traps, often disguised as convenient financial tools. She discusses the red flags to watch for, the psychological pull of “zero interest” deals, and how rising living costs are pushing even middle-income households to live beyond their means.
The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.
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