Borrowing money has become a lifeline for millions of South Africans
South Africans are increasingly turning to credit to survive cost-of-living increases.
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South Africans are increasingly turning to credit to survive cost-of-living increases.
The figures also show that the index for health insurance increased by 4.4% in February.
Amid the every day gloom of life in this country lately, there was some welcome news yesterday as headlines screamed that the official unemployment rate had fallen further to a reported 32.7% in the fourth quarter of last year.
South Africa's official unemployment rate has dropped for a third consecutive quarter, Statistics SA announced on Tuesday.
Cosatu’s spokesperson Sizwe Pamla warned that if the central bank raises the cost of credit – when it meets later next month – based on the slight increase of the employment rate, this could reverse the gains.