Neil Roets, CEO of Debt Rescue, says that while South Africans may have made it through Janu-worry, the burden of rising costs is far from over. The latest petrol price hike will only tighten the grip of debt on households, leaving many with no way out.
For the most vulnerable, who are already struggling to survive on minimum wages or social grants, the challenge of providing for their families grows tougher by the month.
Beyond transport costs, groceries remain a major financial strain, but this could soon be overtaken by skyrocketing electricity bills when Eskom’s 12.7% tariff increase takes effect in April.
With January being one of the hardest months for consumers in recent years, many hoped for some relief in February. Unfortunately, motorists and commuters are facing yet another financial blow.
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