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South African middle class is in deep financial trouble

The latest debt index from Debtbusters shows that the South African middle class is in deep financial trouble. Consumers are falling further into debt with more people turning to unsecured credit to supplement their salaries. As the Reserve Bank’s Monetary Policy Committee meets today, many consumers hope interest rates will remain steady.

Debt Busters CEO, Benay Sager, gives us a sense of what this means for your pocket.

Tune into Newzroom Afrika, DSTV channel 405 for more details.

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