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21 January 2023 IOL

Owners fight to keep homes

In 2019, it was said that 30% of South Africans used credit to purchase food. This should not have come as a surprise, as the average South African is over-indebted. In 2021, it was noted that the number of South Africans using credit to purchase food was growing. The reasons given for this were rising unemployment and the high cost of food. Trading Economics noted on its website that the prices of food and non-alcoholic beverages in South Africa increased by 12.5% year on year in November 2022.

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